Due to recent changes in the economy and market trends, the US R-HDPE market has seen stable pricing, which has now decreased. As of May xx, xxxx, the price for natural pellets grade in Houston was around USD x,xxx per metric ton. This decline comes after a period of consistency over the past three weeks, reflecting adjustments in demand and the overall economic situation.
During May, the US Manufacturing PMI showed firm growth in the manufacturing sector, hitting a two-month high in output mainly due to a surge in export orders, the highest in two years. In spite of this growth, new orders got lowered for the second successive month, indicating a cautious attitude among manufacturers, including those in the R-HDPE domain.
Manufacturers are confronting challenges due to developments input costs, with higher prices for metals, chemicals, plastics, timber-based products, energy, and labour....
