PE, PP, PS prices are on the rebound.* Price relief for processors in the first half of 2005 appears to have been short-lived. Polyolefins polyolefins (pŏl'ēōl`əfən), group of plastics that are polymers of various alkenes, or olefins. The most important are polyethylene and polypropylene. and polystyrene polystyrene (pŏl'ēstī`rēn), widely used plastic; it is a polymer of styrene. Polystyrene is a colorless, transparent thermoplastic that softens slightly above 100°C; (212°F;) and becomes a viscous liquid at around 185°C; are headed back up, lifted by a surge in domestic and export demand and in feedstock feed·stock n. Raw material required for an industrial process. Noun 1. feedstock - the raw material that is required for some industrial process raw material, staple - material suitable for manufacture or use or finishing prices, as well as production outages. However, vinyl vinyl /vi·nyl/ (vi´nil) the univalent group CH2dbondCH—. vinyl chloride a vinyl group to which an atom of chlorine is attached; the monomer which polymerizes to polyvinyl chloride; it is toxic prices are still weak. PE prices moving back up Polyethylene polyethylene (pŏl'ēĕth`əlēn), widely used plastic. It is a polymer of ethylene, CH2=CH2, having the formula (-CH2-CH2-)n prices are poised to rise after dropping 10 cents/lb in the first half. Suppliers aimed to implement last month the 6 cents increase originally announced for June June: see month. and to follow that with a new 6 cents hike on Aug. 1. Contributing factors: A surge in domestic and export demand, and disruptions in monomer monomer (mŏn`əmər): see polymer. monomer Molecule of any of a class of mostly organic compounds that can react with other molecules of the same or other compounds to form very large molecules (polymers). and polymer production, are expected to support higher PE prices. Domestic processors have depleted de·plete tr.v. de·plet·ed, de·plet·ing, de·pletes To decrease the fullness of; use up or empty out. [Latin d the high inventories they held in the first half. In addition, Chinese Chinese, subfamily of the Sino-Tibetan family of languages (see Sino-Tibetan languages), which is also sometimes grouped with the Tai, or Thai, languages in a Sinitic subfamily of the Sino-Tibetan language stock. buyers are back in the export market. Add to these factors the impact of production outages, most notably that of Nova Chemicals NOVA Chemicals is a leading chemical company jointly headquartered in Calgary, Alberta, and the Pittsburgh, Pennsylvania, suburb of Moon Township. It was founded in 1954. The corporation's chemical assets are divided into two divisions: Olefins/Polyolefins and Styrenics. , which declared force majeure [French, A superior or irresistible power.] An event that is a result of the elements of nature, as opposed to one caused by human behavior. The term force majeure on June 21 for polyethylene and ethylene ethylene (ĕth`əlēn') or ethene (ĕth`ēn), H2C=CH2, a gaseous unsaturated hydrocarbon. It is the simplest alkene. monomer. It was forced to slow production at Joffre, Alberta Alberta (ălbûr`tə), province (2001 pop. 2,974,807), 255,285 sq mi (661,188 sq km), including 6,485 sq mi (16,796 sq km) of water surface, W Canada. , to 40% of capacity due to the weather-related shutdown shut·down n. A cessation of operations or activity, as at a factory. shutdown Noun the closing of a factory, shop, or other business Verb shut down of six natural-gas processing plants in Alberta that supply Nova's ethane ethane (ĕth`ān), CH3CH3, gaseous hydrocarbon. It is a continuous-chain alkane. As a constituent of natural gas, it is used for fuel. It can be prepared by cracking and fractional distillation of petroleum. feedstock. The company expects to rebuild its full supply of ethane before the end of September September: see month. . Nova's Alberta production represents more than 6% of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. ethylene capacity and more than 5% of PE capacity. Total lost ethylene production is expected to be in the range of 200 to 350 million lb and lost PE sales volumes are expected to be 70 to 120 million lb. Mechanical problems caused other temporary ethylene disruptions in late June at ChevronPhillips in Sweeny, Texas Sweeny is a city in Brazoria County, Texas, USA. The population was 3,624 at the 2000 census, 7,316 if you include unincorporated areas of Sweeny. The city's motto is "A City With Pride", and is the westernmost incorporated town in the county. , and Dow (Direct OverWrite) See magneto-optic disk. in Freeport, Texas Freeport is a city in Brazoria County, Texas within the Houston–Sugar Land–Baytown Metropolitan Area and is situated in Southeast Texas. As of the 2000 U.S. Census, the city population was 12,708 and is about sixteen miles away from Angleton. . Suppliers project more balanced supply and demand in the second half, but they see that balance as tipped in their favor. Says one leading supplier, "We expect a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. supply/demand balance over the next three years, as there is no new capacity coining Coining can be:
PP prices to rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective Polypropylene polypropylene (pŏl'ēprō`pəlēn), plastic noted for its light weight, being less dense than water; it is a polymer of propylene. It resists moisture, oils, and solvents. prices are on the rebound, after dropping at least 5 cents/lb this year. Suppliers aimed to win back lost ground by pushing through a 4 cents increase last month. And a new 5 cents/lb hike was slated for Aug. 1. Contributing factors: Processors' PP inventories are at 12-month lows, and China re-emerged as an export buyer in June. Said one supplier, "The first indication of higher prices, coupled with low inventories, spurred considerable buying activity in July July: see month. ." Resin capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. , which had dropped below 90%, is recovering fast. One supplier said in mid-July n. 1. the middle part of July. Noun 1. mid-July - the middle part of July period, period of time, time period - an amount of time; "a time period of 30 years"; "hastened the period of time of his recovery"; "Picasso's blue period" , "We're we're Contraction of we are. we're we are running at 95%-plus rates and are selling out." Propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. monomer prices, which had declined 9 cents/lb this year, were also moving back up. June monomer contracts settled at 33 cents/lb, and July prices looked set to rise 2.5 cents to 3 cents more. PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. tabs still falling At mid-month, PVC resin prices were expected to slide another penny or two in July, after losing 1 cent in June. That would leave PVC prices up at most 1 cent this year. Spot prices for PVC in Asia are said to be down to 30 cents to 35 cents, slowing U.S. exports to a trickle. Contributing factors: Pipe demand reportedly picked up slightly in June, but the market is being dampened now by very weak resin prices in China, where large new plants have started up. PS, EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. hikes announced PS resin producers have all announced 5 cents to 10 cents hikes over the next two months. Nova first announced a hike of 5 cents for Aug. 1. Its move was copied by Ineos Styrenics, the former North American styrenics business of BASE Then Fina announced 5 cents for July 1, and Dow and Chevron did the same. After that, Nova announced 5 cents for July 11 in addition to the 5 cents cents for Aug. 1. Yet, few prices actually increased by mid-July. The big hit is apt to come Aug. 1. Meanwhile, Nova also posted 4 cents to 6 cents increases for Aug. 1 on EPS shape and block beads, respectively. But as of mid-July, those hikes received no support from BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida or Huntsman. Contributing factors: Demand for solid PS is described as so-so. Price hikes are apparently driven by feedstock cost, based on the resurgence re·sur·gence n. 1. A continuing after interruption; a renewal. 2. A restoration to use, acceptance, activity, or vigor; a revival. in benzene benzene (bĕn`zēn, bĕnzēn`), colorless, flammable, toxic liquid with a pleasant aromatic odor. It boils at 80.1°C; and solidifies at 5.5°C;. Benzene is a hydrocarbon, with formula C6H6. prices from $2.30 in June to $3 in July.
Market Prices Effective Mid-July (a)
RESIN GRADE (b) cents/LB cents/CU IN (c)
ABS
MED IMPACT 80-90 3.0-3.4
HI IMPACT 85-95 3.2-3.6
X-HI IMPACT 95-105 3.6-4.0
HI HEAT 85-95 3.2-3.6
PIPE 80-110 3.0-4.2
SHEET 90-110 3.4-4.2
TRANSPARENT 125-165 4.9-6.4
FITTINGS 85-115 3.2-4.3
PLATING 95-105 3.5-3.9
FLAME RET 120-140 4.6-5.9
STRUCT FM 83-97 3.6-4.3
10% GLASS 125-140 5.0-5.6
30% GLASS 116-136 5.3-6.3
ABS/PC ALLOY 145-180 5.5-6.8
ABS/PVC ALLOY 130-135 5.8-6.1
ABS/NYLON ALLOY 190 7.3
ACETAL
HOMOPOL 130-147 6.7-7.3
20% GLASS 160-220 9.0-12.4
COPOLYMER 133-137 6.8-7.0
25% GLASS 180-240 9.2-12.2
ACRYLIC
G-P 129-164 5.4-6.9
IMPACT 174-234 7.3-9.9
ACRYLONI-
TRILE COPOL
EXTRUSION 78-110 3.3-4.7
INJECTION 130-191 5.4-7.9
ALKYD 65-74 4.9-5.5
CELLULOSICS
ACETATE 187 8.6
CAB 189 8.2
CAP 189 8.2
DAP (G-P) 251-497 16.3-34.7
EPOXY
G-P RESIN 116-126 NA (d)
COMPOUNDS
C/B/T (e) 123-166 9.4-12.9
R/C/D (f) 208-271 15.3-20.1
SEMICONDUCTOR
NOVOLAC 193-228 13.1-15.9
ANHYDRIDE 188-268 13.9-19.2
EVA
INJECTION 46-52 1.5-1.7
FILM EXTRU 42-49 1.4-1.6
EVOH 265 11.3
FLUORO-
POLYMER
CTFE 2500-5500 193-424
ECTFE 1470-1680 93.1-107.7
ETFE 1155-1680 70.7-102.8
FEP 971-1470 74.8-113.2
PFA 1785-2520 134.9-190.5
PTFE 450-900 34.8-69.7
PVDF 680-900 43.3-57.3
IONOMER
PACKAGING 127-166 4.3-6.0
INDUSTRIAL 150-244 5.0-8.3
LIQUID-
CRYSTAL
POLYMERS
INJECTION
MIN FILLED 690-1035 44.2-72.1
GLASS FILLED 695-895 40-52
CARBON FILLED 1700-2000 83.2-138.6
UNFILLED 1000-1200 58-70
EXTRUSION
UNFILLED 1200-2200 60.5-110.9
MELAMINE
COMPOUND 90-94 5.5-5.6
MELAMINE/
PHENOLIC
COMPOUND 75-83 4.5-5.0
NYLON
TYPE 6 139-159 5.7-6.5
MIN FILLED 131-144 5.4-5.9
30% GLASS 148-173 6.0-7.0
TYPE 66 153-168 6.3-6.9
MIN FILLED 151-159 6.2-6.5
30% GLASS 142-192 5.8-7.9
TYPE 69 250-276 9.7-10.7
TYPE 6/10 286-313 12.4-13.6
TYPE 612 400 15.3
30% GLASS 309-311 14.7
40% GLASS 309 14.7
TYPE 46 295 12.6
TYPE 11 329-341 13.6-14.1
30% GLASS 331-350 15.0-15.8
40% GLASS 347-360 17.7-18.5
TYPE 12 318-341 12.1-13.0
30% GLASS 327-350 14.7-15.8
50% GLASS 299-340 15.6-17.8
TRANSPARENT
AMORPHOUS 247-360 10.3-15.0
PHENOLIC
MOLD COMP 75 3.8
REINFORCED
GRADES 105-268 6.1-16
POLYAMIDE-
IMIDE (g)
UNFILLED 2750 148.5
30% GLASS 2500 135
30% CARBON FIB. 3500 185
POLYARYLATE 200-280 8.8-12.3
POLYARYL-
SULFONE 440 21.8
POLYETHYLENE
G-P 94-96 3.1
FILM 88-91 2.9
PIPE
COLD WATER 116-120 3.9
HOT WATER 162-166 5.5-5.6
POLYCAR-
BONATE
INJECTION 138-165 5.9-7.0
20% GLASS 177-190 7.6-8.2
30% GLASS 178-217 7.6-9.3
EXTRUSION 145-180 6.3-7.8
BLOW MOLD 155-190 6.7-8.2
STRUCT FOAM 149-181 6.4-7.8
20% GLASS 235-255 10.1-11.0
FR 166-197 7.1-8.5
CD 140-200 6.0-8.6
POLYESTER (TP)
PBT TYPE
UNFILLED 143-150 6.9
HI-IMP 154-165 7.6
30% GLASS, FR 165-187 10.0
STRUCT FOAM 159-165 NA (d)
PET
BOTTLE (RAILCAR) 78-80 3.9-4.0
MOD PET
30% GLASS 132-143 7.4
55% GLASS 148-155 9.8
30% GLASS,
FLAME RET 147-157 9.2
PETG COPOL 114-124 5.2-5.6
POLYESTER
THERMOSET
G-P ORTHO 115-120 NA (d)
ISOPHTHALIC 140-150 NA (d)
BIS-A 185-190 NA (d)
PEEK 4400 231
30% GLASS 3300 173
POLYETHER-
IMIDE 641-646 29.3-29.5
30% GLASS 526-531 24.0-24.2
POLYETHER-
KETONE (PEK) 2950 130.1
30% GLASS 2600 153
POLYETHER-
SULFONE 350-400 17.2-19.7
30% GLASS 425-525 21-25.9
POLYETHYLENE
(RAILCAR)
LDPE
G-P MOLDING
& EXTRU 74-76 2.5
INJECTION 76-78 2.5-2.6
LID RESIN 78-80 2.5-2.6
LINER 73-75 2.5
CLARITY 71-73 2.4-2.5
EXTRU COATG 76-78 2.5-2.6
BLOW MOLD 78-80 2.5-2.6
LLDPE,
BUTENE-
BASED
G-P MOLDING 63-65 2.1-2.2
FILM 65-67 2.2
ROTOMOLD 67-69 2.2-2.3
LLDPE,8
HAO-BASED
G-P MOLDING 66-68 2.2-2.3
LID RESIN 76-78 2.5-2.6
LINER FILM 69-71 2.3-2.4
HDPE
G-P INJ MOLD 62-64 2.1-2.2
FILM 72-74 2.5
BLOW MOLD 66-68 2.3
HMW-HDPE
BLOW MOLDING 71-73 2.4-2.5
FILM 73-75 2.5-2.6
PIPE 80-82 2.7-2.8
UHMW-PE 100-125 3.6-3.7
PPE/PPO-
BASED RESIN
INJECTION 180 6.8
20% GLASS (h) 283 12.3
30% GLASS (h) 291 13.3
EXTRUSION (h) 242 9.2
STRUCT FM 231 NA (d)
PPS
40% GLASS 357-404 21.2-24.0
55% GLASS/
MINERAL 289-310 20.8-22.3
65% GLASS/
MINERAL 226-273 15.5-18.7
POLY-
PROPYLENE
(RAILCAR)
G-P HOMOPOL
INJECTION 71-73 2.4
EXTRUSION
FIBER 69-71 2.2-2.3
PROFILES 75-77 2.4-2.5
RANDOM COPOL
BLOW MOLDING 76-78 2.5
FILM 74-76 2.4-2.5
INJECTION 76-78 2.4
IMPACT COPOL
MED IMP 87-89 2.8-2.9
HI IMP 90-92 2.9-3.0
POLYSTYRENE
(RAILCAR)
G-P CRYSTAL 63-71 2.4-2.7
HI HEAT 66-74 2.5-2.8
HIPS 64-72 2.4-2.7
SUPER HI IMP 74-80 2.8-3.0
FR 82-91 3.1-3.4
STRUCT FM (FR) 90-93 NA
EPS
UNMODIFIED 85-88 NA (d)
MODIFIED 86-90 NA (d)
POLYSULFONE 432-512 19.3-22.9
10% GLASS 607-612 27-27.3
30% GLASS 557-562 24.9-25
POLYURE-
THANE (TP)
ESTER TYPE 185-255 8-11
ETHER TYPE 245-295 10.6-13
PU
ISOCYANATES (i)
POLYMERIC MIDI 120-135 NA (d)
80/20 TDI 90-98 NA (d)
PVC RESIN
(RAILCAR)
G-P HOMOPOL 50-52[down arrow] NA (d)
PIPE 47-49[down arrow] NA (d)
FILM 59-61[down arrow] NA (d)
COPOLYMER
FLOORING 63-65 NA (d)
DISPERSION
HOMOPOLY 62-78 NA (d)
COPOLYMER 77-81 NA (d)
CPVC PIPE
COMPOUND 119 NA (d)
PVDC
EXTRUDABLE 162 NA (d)
SILICONES
MOLD. COMP. 581-640 38.1-39.3
SPECIALTY GR. 891-3148 NA (d)
SILICONE/EPOXY 339-343 22.5-22.8
STYRENE-
ACRYLIC 108-112 3.7-4.0
SAN (G-P) 66-74 2.5-2.8
STYRENE
MALEIC
ANHYDRIDE
G-P 110-115 4.2-4.3
HI IMP 130-140 4.2-4.5
FR 175-183 6.7-7.0
TP ELASTOMERS
OLEFINIC 70-76 2.4
POLYAMIDE 287-337 10.4-12.3
POLYESTER 200-310 8.8-13.6
STYRENIC 83-237 2.9-8.3
UREA MOLDING
COMPOUND
BLACK & BROWN 76 3.8
WHITE & IVORY 81 4.0
VINYL ESTER
COR RES 185-197 NA (d)
HEAT & COR RES 210 NA (d)
KEY: Colored areas indicate pricing activity. An arrow ([down arrow])
indicates direction of price change. (a) Truckload, unless otherwise
specified. (b) Unfilled, natural color, unless otherwise specified.
(c) Based on typical or average density. (d) Not applicable.
(e) Novolac and anhydride grades for coils, bushings, transformers.
(f) Novolac and anhydride grades for resistors, capacitors, diodes.
(g) In quantities of 20,000 lb. (h) 19,800-lb load. (i) Prices include
benzene surcharge.
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