Contrasting changes in price for polypropylene and polystyrene resins in North America are explored in this week's Material Insights video.
PP prices in the region are up an average of 2 cents per pound since Aug. 1, while average PS prices have slipped 2 cents per pound since July 1. PP makers tried, but were unable, to improve margins by adding another 2 cents to the August increase. The increase ends a trend that had seen PP prices fall an average of 20 cents per pound between May and July.
The PS drop comes after prices fell an average of 4 cents per pound in June. Regional prices for that material had increased an average of 10 cents per pound earlier in the year.
This week’s video also takes a look at a strike by 72 workers at a PP plant operated by Braskem in Neal, W.Va. The workers, affiliated with United Steelworkers Local 721, have been on strike since Aug. 16, over concerns about reduced retirement benefits....