Published: April 15th, 2014
The spot resin markets remained very busy and transacted volumes ran well above average for the third week in a row, according to The Plastics Exchange. There was a good flow of fresh railcar offerings, and although resellers, both national and Houston-based, are still providing significant spot liquidity. Their new purchases so far in April have generally been against customer orders, and their burdensome old inventories are being chipped away by processors. Most polyethylene grades shed a half-cent and polypropylene held steady.
Published: April 8th, 2014
The spot resin markets ended the first quarter with a bang and continued to be very active as April began on Tuesday, according to The Plastics Exchange. Buyers and sellers both came to play, yielding perhaps the highest weekly volume so far in 2014. Spot polyethylene prices eased a half-cent and polypropylene slid a penny amid a healthy flow of bulk railcars and packaged inventory offerings. PE contracts were steady in March and while nominated to increase $.06/lb in April, should roll flat at best and a decrease could even be justified.
Published: April 1st, 2014
There's no doubt that the Mideast Gulf Cooperation Council (GCC), which includes the states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, are paying close attention to the development of U.S. shale production.
Years of cheap raw materials helped the region become a major exporter of plastics. But some say the abundant U.S. shale gas development is presenting new challenges to the GCC petrochemical industry.
Published: April 1st, 2014
The spot resin markets saw their most active week of the month, according to The Plastics Exchange. Railcars of both PE and PP were plentiful with generic prime and offgrade well represented. While sentiment weighed heavy, most prime grades of polyethylene and polypropylene managed to hold steady price-wise. There were, however, several instances of discounts afforded by sellers to enable transactions. Houston traders, many of whom felt obligated to buy material from favored producers in Feb and March, still have plenty of material on hand as exports remain very difficult.
Published: March 25th, 2014
For the week of March 17-21, spot resin trading continued to improve; despite several ongoing resin production issues, moderate demand found good material availability, regardless which grade of polyethylene or polypropylene, according to a report from The Plastics Exchange. HDPE prices were mostly a penny lower while LDPE and LLDPE held steady; spot PE prices have slipped $.01-.02/lb so far during March. The spot PP market eased another penny and now sits $.02/lb lower for the month.
Published: March 24th, 2014
The U.S. single-handedly processed 25 million tons of ethylene in the past year. As such, market research firm Ceresana has analyzed the entire ethylene value chain in a specific region, namely the U.S.
Published: March 18th, 2014
The spot resin markets picked up a little, but transacted volumes remained below average, according to The Plastics Exchange. Sluggish demand has contributed to an accumulation of unsold offers and it is weighing on prices. Spot polypropylene shed a cent early, polyethylene then peeled off a penny as the week wore on. Spot pricing to patient processors has also seen a slight decline due to resellers shaving margins as they compete for orders to improve their monthly tally.
Published: March 11th, 2014
The spot resin markets were slow during the first week of March and prices for both polyethylene and polypropylene were steady, The Plastics Exchange reports. Railcar offers began to trickle in during the week, so most of the spot liquidity was provided by national resellers and Houston traders with inventory. Domestic demand was mostly seen from processors seeking truckloads for immediate usage rather than higher volume railcars to supplement their direct supply.
Published: March 4th, 2014
The spot resin markets saw moderate activity; transaction volumes in February were somewhat above average, but below the rapid pace of January and December, according to The Plastics Exchange. Anecdotally, most major domestic resellers seem to have posted similar results. Business was off a bit more for the Houston exporters, as higher costs often rendered their asking prices uncompetitive in the global theater. Almost all grades of spot polyethylene were up $.01/lb this past week.
Published: February 28th, 2014
"When Apple introduced the iPhone 5c, the ad campaign was built around an "unapologetically plastic" theme. Since then, Apple has been apologizing to shareholders for less than stellar sales results. On his Observatory blog, former Apple advertising executive Ken Segall suggests that cheap, plastic, and Apple just may not compute."