Resin Prices in February 2024 

In the past year, the resin market has experienced varying price changes across different materials. Most resin types have seen a decrease in prices, with Polycarbonate (PC) being an exception, as its price remains almost unchanged. The past twelve months have notably affected the prices of four specific resins, each experiencing significant declines when adjusted for inflation: 

  • Nylon prices have decreased by 31%, primarily due to weakened bargaining power of suppliers and reductions in the costs of raw materials. 
  • Polyethylene Terephthalate (PET) prices have fallen by 30%, with a notable 6% drop in January, influenced by decelerating growth in the bottled water industry. 
  • Polyvinyl Chloride (PVC) prices have reduced by 29%, following a modest decline towards the end of 2023, which may be linked to a slight decrease in housing construction starts in January. 
  • Polypropylene (PP) prices have declined by 21%, attributed to increased production capacity and a slowdown in demand. 

When comparing current prices to those before the COVID-19 pandemic and adjusting for inflation, the costs for Polystyrene (PS) and PC have significantly increased by 19% and 22%, respectively. In contrast, PVC and Acrylonitrile Butadiene Styrene (ABS) prices have seen considerable decreases (-39% and -19%, respectively), with PP and Nylon showing slight reductions (-7% and -6%, respectively). 

The accompanying chart provides a detailed comparison of the inflation-adjusted price changes over the past year and the last 4.5 years for eight commonly used resins in the manufacturing sector.

Want to learn more about what drives changes to resin pricing?  Download the white paper Understanding Resin Prices or watch the accompanying webinar

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