Polystyrene plastic pellets utilized by Alpha Rho. Photo: John Savone
Now that the second quarter of 2021 is already underway, the trend is clear: the prices in the resin market are increasing, and if the gap between supply and demand doesn’t shrink, it will continue to go northwards throughout 2021.
Week after week, we see a steady climb in the prices led by supply shortages amid increased demand. Some buyers have become creative amid this crisis by being more liberal with their requirements, expanding their regular technical specifications and product packaging requirements.