Weak Resin Prices Stall Hikes.* A slow economy, excess capacity, and softer 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 have forced makers of PE, PP, PS, and PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. to hold off on previously announced price increases. Some have even had to swallow swallow, common name for small perching birds of almost worldwide distribution. There are about 100 species of swallows, including the martins, which belong to the same family. Swallows have long, narrow wings, forked tails, and weak feet. a few cents worth of price erosion. The exception is PET bottle resin, where feedstocks are rising and resin buyers have ponied up an additional 7[cts.]/lb. PE prices softer Polyethylene polyethylene (pŏl'ēĕth`əlēn), widely used plastic. It is a polymer of ethylene, CH2=CH2, having the formula (-CH2-CH2-)n prices weakened weak·en tr. & intr.v. weak·ened, weak·en·ing, weak·ens To make or become weak or weaker. weak  en·er n. last month, compromising increases
that seemed fairly certain a month earlier. By mid-May, it appeared that
the first 5[cts.]/lb increase of the year was firm across all product
grades, but the next 3[cts.]/lb increase (half of a split 6[cts.]/lb
hike) was implemented weakly weak·ly adj. weak·li·er, weak·li·est Delicate in constitution; frail or sickly. adv. 1. With little physical strength or force. 2. With little strength of character. or not at all for blow molding and some injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. grades. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. some reports, the 3[cts.] hike was also shaky in film resins. Contributing factors: Softer feedstock prices and excess resin supply are restraining RESTRAINING. Narrowing down, making less extensive; as, a restraining statute, by which the common law is narrowed down or made less extensive in its operation. suppliers' freedom to lift prices. Ethylene ethylene (ĕth`əlēn') or ethene (ĕth`ēn), H2C=CH2, a gaseous unsaturated hydrocarbon. It is the simplest alkene. 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). contract prices dropped 1[cts.] in March, and April contracts looked at press time like they would settle another 2[cts.]/lb lower. HDPE HDPE abbr. high-density polyethylene and LLDPE LLDPE Linear Low Density Polyethylene plants are reported to be operating in the low to mid-80% capacity range, and even LDPE LDPE abbr. low-density polyethylene operating rates Operating rate The percentage of total production capacity of a company, industry, or country that is being used. operating rate The portion of capacity at which a business operates. have slipped below 90%. The newest PE capacity has yet to deliver its full impact. Nova's new 840-million-lb/yr LLDPE/HDPE swing plant is not yet in full operation. Formosa Plastics Formosa Plastics Corporation (Traditional Chinese: 台灣塑膠公司; lit. "Taiwan Plastic Company") is a Taiwanese company based in Taiwan that primarily produces polyvinyl chloride (PVC) resins and was expected to start up 880 million lb of HDPE this month, and 200 million lb/yr of new HDPE capacity is due soon from ExxonMobil. APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. resin figures for Jan. 2001 show that total domestic resin consumption increased 3% over a year earlier, with LLDPE up 13.8% and LDPE up 11.9%. However, PE suppliers generally view January's growth as a blip. An explanation from one is that processors 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 their inventories in November and December in anticipation of price increases. By mid-January, they needed to restock re·stock tr.v. re·stocked, re·stock·ing, re·stocks To furnish new stock for; stock again. Verb 1. restock - stock again; "He restocked his land with pheasants" and wanted to beat further price hikes. Suppliers report that PE demand in February through April was up only about 3% from 2000. PP prices slide 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. tabs were softer in April and were generally expected to drop about 1.5[cts.]/lb by the end of May. Contributing factors: The market continues to be over-supplied, and lower feedstock prices are strengthening downward pressure on resin tabs. 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 contract prices dropped 2[cts.]/lb in April and 1[cts.] in May. Suppliers maintained that resin prices would drop around 1[cts.] to 1.5[cts.]/lb. Meanwhile, Formosa Plastics has started up production of the first half of its new 750-million-lb/yr PP facility in Texas. The company says it will hold its second 350-million-lb train in a ready state until market conditions improve. PET tabs move up A7[cts.]/lb increase on PET bottle resins was in place industrywide in·dus·try·wide adv. & adj. Throughout an entire industry: sales that have decreased industrywide; industrywide cooperation. by May 1, boosting market prices to 65-68[cts.]/lb. Contributing factors: Increased feedstock and energy costs, aggravated ag·gra·vate tr.v. ag·gra·vat·ed, ag·gra·vat·ing, ag·gra·vates 1. To make worse or more troublesome. 2. To rouse to exasperation or anger; provoke. See Synonyms at annoy. by resin price erosion, necessitated this increase, suppliers say. Between December 2000 and the end of March 2001, PET resin tabs dropped 5[cts.]/lb on average. Suppliers say the latest 7[cts.] hike adds only 5[cts.]/lb to their bottom lines, owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de higher feedstock costs. PVC rolls over on weak demand PVC prices appeared stable in mid-May. OxyChem and Georgia Gulf were trying to keep alive the 2[cts.]/lb increase that was announced for April 1. They told customers there would be a 1[cts.] hikes in May and in June. But several other producers said they are deferring the increase until business picks up. Contributing factors: April was supposed to bring a seasonal uptick Uptick A transaction occurring at price above its previous transaction. In order for an uptick to occur, a transaction price must be followed by an increased transaction price. in PVC demand, but it didn't. The month came and went about the same as in March, leaving pipe and siding demand in the dumps DUMPS a lethal inherited disorder of Holstein cattle that causes infertility. The name is an acronym of Deficiency of Uridine MonoPhosphate S . Markets improved in the first half of May, though windows remained stronger than other PVC construction markets. PS hike rescinded PS resin producers have abandoned their attempts to raise tabs 3[cts.]/lb since March 1. 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. sent out a letter formally rescinding the hike in response to the economic slowdown. Styrene sty·rene n. A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene. monomer supply remains long. Some resin producers say there has been price erosion of about 2[cts.]/lb in crystal PS for CD jewel boxes See jewel case. .
Market Proces Effective Mid-May [a]
RESIN GRADE [b] [cts.]/LB [cts.]/CU
IN [c]
ABS
MED IMPACT 89-91 3.4
HI IMPACT 94-100 3.7
X-HI IMPACT 102-105 3.9
HI HEAT 117-121 4.7
PIPE 78-82 2.6-3.0
SHEET 87-90 3.4
TRANSPARENT 152-158 5.7-5.9
FITTINGS 88-92 3.3-3.4
PLATING 105-115 4.0
FLAME RET 122-130 5.7
STRUCT FM 103-107 NA[d]
10% GLASS 140-160 6.0-6.1
30% GLASS 136-156 6.0-7.2
ABS/PC ALLOY 145-150 6.0-6.1
ABS/PVC ALLOY 140-145 6.0-6.1
ABS/NYLON ALLOY 177-199 7.0-8.0
ACETAL
HOMOPOL 143-147 7.2-7.5
20% GLASS 162-170 8.1-8.6
COPOLYMER 143-147 7.2-7.5
25% GLASS 162-170 8.1-8.6
ACRYLIC
G-P 87-104 3.7-4.4
IMPACT 135-191 5.7-8.1
ACRYLONI-
TRILE COPOL
EXTRUSION 101-116 4.0-4.6
INJECTION 120-135 4.8-5.4
ALKYD 65-74 4.9-5.5
CELLULOSICS
ACETATE 187 8.6
CAB 184 7.9
CAP 184 7.9
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 60-95 2.4-4.0
FILM EXTRU 55-87 2.4-2.7
EVOH 265 11.3
FLUORO POLYMER
CTFE 4500 346.6
ECTFE 1400-1600 108.3-123.8
ETFE 1230-1600 79.3
FEP 1000-1500 70.5-75.6
PFA 1850-2400 143.1-185.7
PTFE 500-900 39-70.3
PVDF 650-800 41.4-50.9
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 6 129-133 5.9
MIN FILLED 122-130 6.3
30% GLASS 156-160 7.7
TYPE 66 140-155 7.4-8.2
MIN FILLED 140-148 7.4-7.6
30% GLASS 180-190 8.8-9.3
TYPE 69 250-276 9.7-10.7
TYPE 6/10 268-313 12.4-13.6
TYPE 612 268-327 11.4-13.2
30% GLASS 309-311 14,7
40% GLASS 309 14.7
TYPE 43 295 12.6
TYPE lI 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 290-340 15.8-17.8
TRANSPARENT
AMORPHOUS 247-360 10.3-15.0
PHENOLIC
MOLD COMP 55.5-87.5 2.8-4.0
REINFORCED
GRADES 100.5-267.5 6.0-15.9
POLYAMIED IMIDE[g]
UNFILLED 2310-2910 118.4-148.4
30% GLASS 2250-2780 118.8-146.9
30% CARBON FIB. 3260-3750 174.0-200.4
POLYARYLATE 200-280 8.8-12.3
POLYARYL-
SULFONE 440 21.8
POLYBUTYLENE
G-P 94-96 3 1
FILM 88-91 2.9
PIPE
COLD WATER 116-120 3.9-4.0
HOT WATER 162-166 5.5-5.6
POLYCAR-
BONATE
INJECTION 148-163 6.7
20% GLASS 178-190 8.9
30% GLASS 188-217 10.4
EXTRUSION 137-145 5.9
BLOW MOLD 150-170 6.7
STRUCT FOAM 159-181 NA [d]
20% GLASS 245-255 NA [d]
FR 176-197 8.2
CD 145-155 6.2-6.6
POLYESTER (TP)
PBT TYPE
UNFILLED 143-150 6.9
HI-IMP 154-165 7.6
30% GLASS, FR 165-187 10.0
STRUCT FOAM 156-165 NA [d]
PET
BOTTLE (RAILCAR) 65-68 3.3-3.4
MOD PET
30% GLASS 132-143 7.4
55% GLASS 146-155 9.8
30% GLASS
FLAME RET 147-157 9.2
PETG COPOL 114-124 5.2-5.6
POLYESTER
THERMOSET
G-P ORTHO 60-68 NA [d]
ISOPHTHALIC 73-83 NA [d]
BIS-A 123-153 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 440 19.71
30% GLASS 372 20.01
POLYETHYLENE
(RAILCAR)
LDPE
G-P MOLDING
& EXTRU 55-57 1.9
INJECTION 55-57 1.9
LID RESIN 56-S8 1.9
LINER 55-57 1.9
CLARITY 50-53 1.7-1.8
EXTRU COATG 54-56 1.8-1.9
BLOW MOLD 56-58 1.9-2.0
LLDPE,
BUTENE-
BASED
G-P MOLDING 43-45 1.4-1.5
FILM 42-46 1.4-1.5
ROTOMOLD 43-44 1.4-1.5
LLDPE,
HAO-BASED
G-P MOLDING 47-49 1.6
LID RESIN 51-53 1.7-1.8
LINER FILM 48-50 1.6-1.7
HDPE
G-P INJ MOLD 45-47 1.5-1.6
FILM 47-49 1.6-1.7
BLOW MOLD 48-50 1.6-1.7
HMW-HDPE
BLOW MOLDING 49-51 1.7
FILM 48-50 1.6-1.7
PIPE 56-58 1.9-2.0
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 363-385 22-23
55% GLASS/
MINERAL 275-295 18
65% GLASS/
MINERAL 205-260 17-19
POLYPROPYLENE
(RAILCAR)
G-P HOMOPOL
INJECTION 39-40 1.3
EXTRUSION
FIBER 37-39 1.2-1.3
PROFILES 40-42 1.3-1.4
RANDOM COPOL
BLOW MOLDING 44-46 1.4-1.5
FILM 43-45 1.4-1.5
INJECTION 42-44 1.4
IMPACT COPOL
MED IMP 51-53 1.7
HI IMP 55-57 1.8
POLYSTYRENE (RAILCAR)
G-P CRYSTAL 44-47 1.7-18
HI HEAT 44-46 1.7
HIPS 44-48 1.7-1.8
SUPER HI IMP 58-62 2.2
FR 81-92 3.6-3.5
STRUCT FM (FR) 93-95 NA
EPS
UNMODIFIED 80-84 NA [d]
MODIFIED 84-85 NA [d]
POLYSULFONE 440 19.71
10% GLASS 430 20.6
30% GLASS 372 20.01
POLYURE-
THANE(TP)
ESTER TYPE 185-255 8-11
ETHER TYPE 245-295 10.6-13
PU
ISOCYANATES
POLYMERIC MDI 105-115 NA [d]
80/20 TDI 110-120 NA [d]
PVC RESIN
(RAILCAR)
G-P HOMOPOL 37-39 NA [d]
PIPE 34-38 NA [d]
FILM 40-41 NA [d]
COPOLYMER
FLOORING 45-47 NA [d]
DISPERSION
HOMOPOLY 56-60 NA [d]
COPOLYMER 60-64 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 37-40
SAN (G-P) 85-88 3.3
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 76-76 2.4
POLYAMIDE 287-337 10.4-12.3
POLYESTER 206-310 8.8-13.6
STYRENIC 83-237 2.9-8.3
UREA MOLDING
COMPOUND
BLACK & BROWN 67-78 3.6-4.1
WHITE & IVORY 72 3.8
VINYL ESTER
COR RES 147 NA [d]
HEAT & COR RES 161 NA [d]
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