Plastic product buyers to delay orders due to low resin price

SLP Resources workers at the production line of plastic packaging products and plastics related goods at SLP plant in Kulim, Kedah

GEORGE TOWN: The price of resin – now hovering at about US$850 per tonne, the lowest in the past 10 years – will prompt buyers of plastic products to delay orders for the short term.

SLP Resources Bhd group managing director Kelvin Khaw told StarBiz that in Jan 2019, polyethylene resin prices was US$1,200 per tonne, compared to US$900 per tonne currently.