According to Plastic News resin pricing table this week, the North American PET bottle resin and at all levels of renewable PE process have dropped by. The price of Nylon 6 and 6/6 has been fixed.
The last two months of 2014, due to demand contraction, lower raw material costs in North America PET bottle resin prices fell by an average 11 cents per pound. In September and two months, the price of this material has been down 5 cents. This shows that in the last four months of 2014, the North American PET bottle resin prices fell by a total of 16 cents per pound.
Overall, the 2014 North American net PET bottle resin prices fell by 14 cents per pound. Decreased consumption of carbonated soft drinks affects the demand for this material, at the same time, bottled water and other beverage bottles gradually lightweight, resulting in a resin used in each bottle has been reduced.
In the North American market, the level of renewable PE prices were down 20 cents. Recent pure PE material prices decline, the market demand for recycled materials has declined. Global crude oil prices continued to plummet down the manufacturing cost of raw materials PE, standard PE prices began to fall since November 2014.
North Amerian nylon mode 6 price in 2014 dropped by an average of 30 cents per pound, among which 10 cents lower raw material costs associated with. Nylon 6/6 price is cut down by 10 cents per pound, among which the price cut down by 5 cents per pound occurred in the near future.