Resin Prices Rise as Geopolitics Reshape Plastics Supply

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Geopolitical tensions and energy market disruptions continue to drive resin price pressures, forcing US manufacturers to rethink procurement strategies and supply chain resilience.

While uncertainty looms over the prolonged impacts of the Iran conflict on resin prices, the plastics sector contends with maintaining inventories and ensuring supply chains remain resilient.

Informed by lessons learned during the COVID-19 pandemic and recent destructive storms, and buffeted by the Trump administration's tariffs, plastics manufacturers are cautiously navigating the emerging landscape.

"It is crucial to recognize that plastic resins are not all alike — they vary significantly by type and consumption," advised Dr. Perc Pineda, chief economist to PLASTICS. "What we are experiencing now is upward price pressure driven less by a direct supply disruption, such as the 2021 winter storm in Texas, and greater by geopolitical conflict that has affected energy markets and material supply conditions in regions outside the United States. This has increased the risk premium associated with pricing a globally traded commodity.

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