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Resin pricing report sends mixed signals; BASF declares force majeure on PA 66Resin pricing report sends mixed signals; BASF declares force majeure on PA 66
Spot resin sales remained strong last week, despite some softness in prices, reports the Plastics Exchange (Chicago). Logistical issues backing up railcars in Houston, which prompted just-in-time demand, were among the drivers. Lower resin prices, particularly in the Asian region, are pressuring export markets, with competitive offers from other regions also complicating spot exports to Latin America.
PlasticsToday Staff
June 23, 2015
3 Min Read
.svg?width=850&auto=webp&quality=95&format=jpg&disable=upscale "Resin pricing report sends mixed signals; BASF declares force majeure on PA 66")
(Chicago). Logistical issues backing up railcars in Houston, which prompted just-in-time demand, were among the drivers. Lower resin prices, particularly in the Asian region, are pressuring export markets, with competitive offers from other regions also complicating spot exports to Latin America. While the Houston gulf has avoided problematic hurricanes the past several years, the wicked weather system that ran through Houston early in the week was a reminder of the area's vulnerability.
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