Prices Up Almost Across the Board.* In April, PP, PVC PVC: see polyvinyl chloride.
in full polyvinyl chloride
Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. , and PS all cost 1-3[cent]/lb more, and a smattering of further hikes were also announced. But PE prices appeared to take a breather Verb 1. take a breather - take a short break from one's activities in order to relax
catch one's breath, rest, breathe
intermit, pause, break - cease an action temporarily; "We pause for station identification"; "let's break for lunch" . Engineering resins, TPEs, and unsaturated polyesters also saw a new round of hikes.
PE makes split on hike
A PE price hike of 5[cent]/lb was announced for April 1 by Dow, Equistar, Nova, and Chevron. Solvay broke ranks in late April, splitting the increase into 3[cent] for May 1 and 2[cent] June 1. The 5[cent] hike follows increases of 4[cent] for Feb. 1 and 3[cent] for March 1. Some resin producers say they're getting the full 7[cent] on these earlier increases, except for HDPE HDPE
high-density polyethylene injection and blow molding grades, which went up only 6[cent]. High-EVA resins are excluded from increases.
Contributing factors: Ethylene monomer monomer (mŏn`əmər): see polymer.
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). plants suffered a spate of planned and unplanned outages in the first quarter and still aren't all back in operation. Also, PE producers want to capture what profits they can in the first half of this year, before big capacity increases from Nova and Union Carbide kick in during the second half. Carbide will start up 1.3-billion-lb of LLDPE/HDPE in August or September. Toward year-end, Nova will start its 850-million-lb Advanced Sclairtech PE plant.
Resin producers say strong March sales included a lot of prebuying ahead of two price increases. April sales fell back for some resin grades.
PP follows monomer upward
PP producers Montell, Phillips, Exxon, BP Amoco, and Union Carbide announced 4[cent] hikes on all grades for May 1. Fina called for just 3[cent]. These hikes come on top of 3[cent] increases announced for Feb. 15, March 1, and April 1.
Resin producers say prices rose 2-3[cent] in April, barely keeping up with monomer hikes. Big processors say they were paying 1.5-2[cent] more in April.
Contributing factors: 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 rose 2[cent] in March and 2[cent] again in April to approach a record high level. The spread between PP and propylene monomer prices is at a historic low, resin producers say. Oil refineries reportedly continue to steer more crude oil into gasoline production, keeping propylene monomer tight. Propylene appeared headed for another 3-4[cent] increase in May, buyers say. Meanwhile, PP demand is very strong--up 11-12% on an annual basis in the first quarter.
PVC up, but demand softens
Processors say they paid 2[cent] more in April, while a second 2[cent] increase for April 1 was pushed off to May. In late April, Westlake and OxyChem announced a third 2[cent] increase for May 1, though it wouldn't have much impact before June 1.
Contributing factors: It's still too soon to tell if the delayed April increase will stick, producers say. PVC demand remains strong, though some profile producers say they are seeing some softening in end-use markets.
PS takes a hike
PS producers said they put through 3[cent]/lb increases in April after announcing two hikes of 3[cent]/lb for February and April. A 4[cent] hike was slated for May, though it wouldn't hit contract customers until June. Nova announced a further 5[cent] increase for PS and 8[cent] for 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. , both officially scheduled for June 1. Nova's EPS announcement follows an 8[cent] hike that reportedly went through in April for smaller accounts.
Contributing factors: Increases so far have affected smaller buyers, producers say, since PS is a market with a lot of 60-day protection. Styrene sty·rene
A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene. monomer prices rose 3[cent] in March, and supplies are tight. Producers announced a further 3[cent] monomer increase for May, even though spot prices softened in April.
Engineering resins rise
Dow Plastics said Vydyne nylons would go up 12[cent]/lb on June 1. DuPont announced 8-10% price increases for Zytel nylons, 6-8% for Delrin acetal acetal /ac·e·tal/ (as´e-t'l)
1. any of a class of organic compounds formed by combination of an aldehyde molecule and two alcohol molecules.
2. , and 5% for Zenite LCP (Link Control Protocol) See PPP.
LCP - Link Control Protocol for June 1. Ticona will hike standard Celcon acetal 3-5%, specialty and colored grades 6-8%, on June 15. Celanese nylon 66 goes up 8-10% on that date. Ticona raised its Celstran long-glass nylon 6 by 15[cent]/lb on May 19. (It also boosted Celstran PP grades by 8[cent]/lb.)
TPE TPE Thermoplastic Elastomer
TPE Terminal de Paiement Electronique (French)
TPE Total Power Exchange
TPE Twisted Pair Ethernet
TPE Tampines Expressway (Singapore)
TPE Therapeutic Plasma Exchange tabs lifted
Advanced Elastomer elastomer (ĭlăs`təmər), substance having to some extent the elastic properties of natural rubber. The term is sometimes used technically to distinguish synthetic rubbers and rubberlike plastics from natural rubber. Systems announced its first hike in more than five years. On June 1, prices for Santoprene, Vyram, Dytron XL, Trefsin, and Vistaflex olefinic TPEs go up 5%.
Unsaturated polyesters up
Ashland raised prices of all its polyester and vinyl ester resins by 4[cent]/lb on April 3. Cook and AOC AOC,
n an acronym for the Aromatherapy Organizations Council. hiked resins and gelcoats 3[cent]/lb on May 1 and May 15, respectively. Reichhold said it would raise polyesters 3[cent] on June 5.