Polyolefin Producer Price Index Rises While Polyester Falls

Polyolefin Producer Price Index Rises While Polyester Falls

Hide market activity increased with Heavy Texas Steers and Heavy Native Heifers prices up by $2-3 on packer material. Sellers have upped their asking prices and many buyers have already requested to make purchases. Shipping delays in multiple major ports in the US, Asia, and South America havenโ€™t improved in weeks. 

Tight oil supply has pushed crude oil prices over $65 per barrel, which has incited increased synthetic fibers prices. According to the Federal Reserve Economic Data (FRED), the Producer Price Index (PPI) for February increased 1 percent from January, up to 129.2 points. In February, the PPI for polyester decreased less than 1 percent from the prior month whereas the PPI for polyolefin increased 2 percent. Both of these materials are popular for use in footwear and automotive upholstery and are becoming more widely used as a replacement to leather. These materials are typically a cheaper and more workable alternative to leather, attributes which continue toโ€ฆ

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01.09.2025

Additional 45z guidance expected on January 10

Additional 45z guidance expected on January 10

Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...

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Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise

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