Published: July 15th, 2014
Commodity resin trading was very busy for the week of July 7-11, more than making up for the slow start to the month, according to The Plastics Exchange. Spot prices for both polyethylene and polypropylene rose amid a spate of cracker outages triggering Force Majeure declarations for both ethylene and polyethylene from certain plants. Although resin offers began to flow nicely early in the week, some were taken off the table while others remained available but at higher asking prices.
Published: June 24th, 2014
The commodity resin markets continued to see heightened activity during the week of June 16-20, but as for spot pricing - well, The Plastics Exchange reported another uneventful week and so, "steady as she goes." June polyethylene contracts are rolling flat once again, while polypropylene contracts are declining $.03/lb this month. Higher world oil prices have encouraged international resin traders to again look to North America for well-priced supply.
Published: June 19th, 2014
Earlier this week, Chevron Phillips Chemical held its second groundbreaking ceremony for its U.S. Gulf Coast (USGC) Petrochemicals Project at the construction site in Old Ocean, TX. The construction includes two polyethylene (PE) units that will each produce 500,000 metric tons of resin every year.
Published: June 19th, 2014
Bisphenol A (BPA) is back in the news again. Health Canada recently conducted a study on BPA and pregnancy, which found that dietary exposure to BPA through food packaging is not expected to pose a health risk to the general population, including newborns and young children.
Published: June 17th, 2014
The spot resin markets continued cool for the first part of the week (June 9-13), but then activity heated up, particularly for polyethylene film grades, according to The Plastics Exchange. Prices for most PE commodity resins were steady, although strong processor demand for LLDPE, amid limited supply, lifted those prices by as much as $.02/lb, depending on grade. PE producers have consistently resisted the call for price relief and June contracts will likely roll over once again.
Published: June 6th, 2014
A successful company is one that believes making its customers successful is job no. 1. That is the mantra of Polymer Resources, which tags itself as the "Leader in Classic Engineering Plastic Compounds." The company was founded in 1974 on those principles that continue to drive the company today that include the flexibility of a small resin supplier with the depth of a large resin supplier.
Published: June 4th, 2014
Swiss-based chemical company Ineos doesn't believe only North American suppliers should directly benefit from the shale gas boom.
"We are a global business supplying world markets so competitively-priced raw materials are essential if we are to maintain our business and jobs here in the future," said Magnar Bakke, site manager Ineos olefins & polymers Norway.
Published: June 3rd, 2014
Coming off the only slow week of the month, spot resin activity surged to end May with a bang, according to a report from The Plastics Exchange. For the last week of May, better spot availability for certain previously scarce resins, such as LDPE, aided the higher transaction volumes. Spot polypropylene prices shed a half-cent as did most polyethylene grades, sans still snug LLDPE, which again held firm.
Published: May 28th, 2014
Spot resin trading slowed to a more average pace and prices were mixed, according to The Plastics Exchange. Fresh railcars continued to flow into the secondary market, polypropylene more so than polyethylene. Reseller inventories are still thinning and some grades, particularly prime LDPE for film amongst others, are now outright challenging to source. Once again, it seems that PE producers have resisted the processor call for price relief as contracts are rolling flat in May.
Published: May 20th, 2014
Spot resin trading continued to run at a rapid rate; there was a strong flow of orders coming form both buyers and sellers, creating at times, relatively effortless trade, according to The Plastics Exchange. Polyethylene prices moved higher, more than erasing the losses seen in the previous week. Spot strength could inspire PE producers to stand firm and hold contract prices flat again this May - much to the dismay of processors.