12 April 2013 17:12 [Source: ICIS news]
WASHINGTON (ICIS)--US wholesale prices for plastic resins rose 2.6% in March from February, the Department of Labor (DOL) said on Friday, marking the third straight month of accelerating resins prices.
In its monthly report on prices at the producer level, also known as wholesale prices, the department said that the March gain in resins prices followed the 1.6% and 1.5% advances in January and February respectively.
In contrast, producer prices for basic organic chemicals were essentially flat in March compared with February, easing down by 0.1%.
That narrow decline in March also stands in contrast to the 5.4% jump in wholesale prices for chemicals seen in February.
January’s wholesale prices for organic chemicals had seen a more modest 0.4% gain.
The March gain in producer prices for resins stood out from the general trend of wholesale prices for manufactured goods.
The department said that overall wholesale prices last month fell by 0.6%, chiefly because of a sharp 6.8% decline in gasoline prices.
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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