Inventories Are Finally Dropping — But Markets Are Still Long | 10/20/25 |Q4 Resin Market Moves (PE, PP, PS, PVC, ABS, PC, PET)

Even with the first real inventory draw in months, North American resin remains oversupplied — and buyers still have leverage heading into Q4. In this week’s Resin Market Moves, Michael breaks down what’s happening across PE, PP, PS, PVC, ABS, PC, and PET — and what it means for your negotiations.Resin Market Highlights:Polyethylene (PE): • Inventories down ~336M lbs in September — a meaningful draw, but the market is still long. • Producer price-increase attempts continue to face resistance.Polypropylene (PP): • Feedstock PGP hit its lowest level since 2022. • Weak fundamentals cap upside; buyers retain leverage.Polystyrene (PS): • Sliding again on softer benzene and styrene. • Contracts remain under pressure.PVC: • Soft housing and construction keep prices subdued. • High inventories limit any near-term rebound.ABS & Polycarbonate (PC): • Stable to slightly soft; demand pockets not enough to move pricing.PET: • Producers are testing +6–9¢/lb hikes, but current fundamentals don’t support them.Key Takeaway: Too much resin, not enough demand. With inventories still heavy and feedstocks easing, buyers are winning the Q4 market.If you’re pushing back on supplier pricing, ResinSmart helps you see through the noise and negotiate with confidence — real-time benchmarking, forecasting, and market transparency for processors who are tired of guessing.Learn more or request a benchmark demo: https://www.ResinSmart.aiFollow Michael Workman on LinkedIn for weekly Resin Market Moves updates. Travel safe, everyone — Chicago next!