Published: May 5th, 2015
The spot resin markets were busy throughout April, and this past week did not disappoint, writes the Plastics Exchange in a market update published on May 1, 2015. There was also a sharp divergence noted between the polyethylene and polypropylene markets, continuing the reversal from the trends of the past several months. There was a flurry of polyethylene buying as processors sought to procure material ahead of the May price increase; spot prices again edged higher while supplies dwindled.
Published: March 2nd, 2015
Those who watch the manufacturing industry are well aware of the ups and downs of the past two months. That is also reflected in several reports out on the economy of manufacturing. The Institute for Supply Management's February 2015 Manufacturing ISM Report on Business shows that economic activity in that sector expanded in February for the 26th consecutive month. However, before we get too excited, the Purchasing Management Index (PMI) actually dropped from 53.5% in January to 52.9% in February, meaning manufacturing basically flat-lined last month.
Published: February 3rd, 2015
The spot resin markets found renewed interest into month-end and an above average volume of material, particularly PE, changed hands to finish off the month of January, according to The Plastics Exchange. Commodity resin prices were mixed; polyethylene was steady to mostly lower amid heavy offerings, while polypropylene stabilized and then managed a small gain at the end of the week.
Published: January 28th, 2015
The spot resin markets slowed a bit while prices slid further during the week of January 19-23, according to The Plastics Exchange. A heavy flow of polyethylene offers continued to pelt the secondary market, however, fresh polypropylene offers were still spotty. Processors that required material after the year-end lull seemed to have had their fill through mid-month. Purchasing then dropped off this past week as buyers anticipated cheaper February contract prices, particularly PE, which could be coming around the bend.
Published: January 20th, 2015
The spot resin markets were busy during the week of Jan. 12-16; the flow of offers was high and prices continued to slide, according to The Plastics Exchange. Buyer activity was also solid, but processors are mostly picking away with minimal volume as they anticipate even cheaper prices ahead. There is a very wide range of prices quoted in the market; resellers are looking to minimize losses when selling off high cost inventories, but will generally accept a reasonable offer in order to move the material.
Published: January 12th, 2015
If all goes according to plan, the Netherlands will boast a brand new plastics recycling plant that is due to start up operations by the end of 2015. Called QCP, short for Quality Circular Polymers, the company was established in April 2014 by Huub Meessen and Marc Houtermans, with the backing of a number of strategic investors. QCP's plant will ultimately produce high-quality raw materials, with a focus on PP and PE, derived from industrial and household plastic waste for the plastics industry. The project involves a total investment of 75 million euros ($88.42 million).
Published: January 6th, 2015
Economic activity in the manufacturing sector expanded in December for the 19th consecutive month and the overall economy grew for the 67th consecutive month, say the nation's supply executives in the latest Manufacturing Report on Business from the Institute for Supply Management (ISM). The December Purchasing Managers Index (PMI) registered 55.5%, a decrease of 3.2% from November's reading of 58.7%, indicating a slower expansion.
Published: December 16th, 2014
The commodity resin markets continued their streak of hyperactivity; the flow of fresh railcars has been rapid and falling prices are encouraging processors to procure material, according to The Plastics Exchange in its look at the week of Dec. 8-12. PE contracts decreased $.03/lb in November and should see a decline of $.04-.05/lb this month; barring an unforeseen event, they will likely find further pressure in the first quarter.
Published: December 10th, 2014
A new report claims that global ethylene capacity will rise from 167 million tons per year in 2014 to an estimated 208.5 million tons by 2017, with the U.S .and China accounting for around one-third of additions over the forecast period, according to research and consulting firm GlobalData.
The company's latest report states that the U.S. will drive North America's ethylene capacity from 35.6 million tons per year in 2014 to 46 million by 2017. The firm states that new plants coming onstream in 2016 and 2017 will contribute most of the region's capacity additions.
Published: December 2nd, 2014
The spot resin market was surprisingly busy this past holiday shortened week (Nov. 24-28) and by Wednesday, a tremendous volume of material had already changed hands, according to a report from The Plastics Exchange. The flow of producer railcars was strong ahead of month-end and resellers were also aggressive, seeking to liquidate their uncommitted warehoused material. Prices for both polyethylene and polypropylene were decisively lower, even before the world energy markets got rocked on Friday.