ACC: Plastic resin production ticks up in May

U.S. production of major plastic resins totaled 7.7 billion pounds in May, a 0.5% month-over-month increase, and a decrease of 6.2% compared to May 2022, according to new statistics from the American Chemistry Council.

Year-to-date production was 39.5 billion pounds, a 0.9% decrease compared to the same period in 2022.

Sales and captive (internal) use of major plastic resins totaled 7.8 billion pounds in May, an increase of 6.6% compared to the prior month, and a decrease of 2.0% from the same month one year earlier, ACC said. Year-to-date sales and captive use were 38.4 billion pounds, a 2.5% decrease as compared to the same period in 2022.