Published: August 25th, 2014
Global demand for polyvinyl chloride (PVC) is expected to increase about 3.2% per year until 2021, according to market research organization Ceresana.
PVC is a key product of the chemical industry and, along with polypropylene and polyethylene, one of the most widely produced plastics. Approximately 39.3 million tonnes of PVC were consumed globally in 2013.
Published: August 12th, 2014
Spot resin trading continued to run at a very rapid rate and completed transaction volumes were high, especially for the first week of August, according to The Plastics Exchange. Polyethylene and polypropylene prices advanced further; most grades have recorded gains in each of the past five weeks. Once PGP settles, August PP contracts will likely jump around $.06/lb - some resin producers are also looking to expand margins.
Published: August 5th, 2014
Spot resin trading remained robust, capping off a very busy July, according to The Plastics Exchange. Prices for both polyethylene and polypropylene continued to march higher, building on an already strong month of gains. Although there was a small flurry of railcar offers, they were mostly made available from resellers that already committed to the resin and had held out shipping disposition to maximize margins in this rising market.
Published: July 29th, 2014
The resin markets continued to experience above average activity and most spot plastics prices climbed further for the week of July 21-25, according to The Plastics Exchange. Polyethylene, hampered by production issues, was highly sought and HDPE was the busiest of the bunch. Polypropylene demand was also hot, but the lack of spot supply, at least at transactional prices, limited completed deals. Export interest remained heightened, but aside from the natural Latin American markets, scarce and high priced Houston offers disabled opportunities to other regions.
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.