Dow Passes Through 40% Polyethylene Cost Hikes After Resin Prices Soar 14%
DOW•US wholesale plastic resin prices jumped 14% to a four-year high last month as Middle East supply disruptions drove raw material costs up. Dow has already pushed through input price hikes to downstream customers after polyethylene costs surged over 40% this year, foreshadowing higher consumer goods prices.
1. Resin Price Surge
US plastic resin wholesale prices rose 14% last month, reaching a four-year high as supply disruptions cut key component deliveries from the Middle East.
2. Dow's Cost Pass-Through Strategy
Polyethylene input costs used by Dow climbed more than 40% this year, prompting the company to implement price increases for resin customers that will ultimately flow through to consumer goods.
