Raw Material Price Indices for Plastics: Better Understanding and Evaluating Plastic Prices

Raw material price indices for plastics provide companies with a concise overview of trends in relevant plastic prices. They track price trends for materials such as PE, PP, PVC, PET, ABS, PA, and PC, and illustrate how the plastics market changes over specific time periods.

Unlike many metals, plastic prices are closely linked to petrochemical feedstocks, crude oil and naphtha prices, energy costs, plant availability, demand from the packaging, automotive, and consumer goods sectors, as well as regional supply chains. Raw material price indices for plastics help to better understand these influencing factors and to analyze price trends not only on a case-by-case basis but also in comparison with the broader market.

Relevance for Industrial Plastic Products

For companies whose products contain a high proportion of plastic, raw material price indices for plastic are an important tool. They help these companies evaluate supplier invoices, update cost estimates, and identify price risks early on.

Greater Reliability in Cost Estimation and Purchasing

By regularly analyzing raw material price indices for plastics, the purchasing, cost engineering, and controlling departments can make more informed decisions. This makes plastic prices more comparable, cost changes easier to track, and price negotiations better prepared.