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I was on a call with a resin buyer Wednesday morning when the news came through. The US-Iran ceasefire framework had collapsed. Crude was moving fast. Benzene spot was already reacting.
We talked about his July polycarbonate negotiation. The feedstock math had been in his favor all week. In the time it took us to finish the call, part of that math had changed.\n\nThat is the resin market in July 2026. Buyers are holding greater leverage than they have had in years in most materials, anyway. however the window is not the same width to each of us, and it is narrowing in real time to some.
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