Prices of commodity resins were falling in October and November.

Prices of commodity resins were falling in October and November. Despite a try for a December PE hike, industry observers expect another month or two of weak prices.

 

PE hike announced

Polyethylene prices dropped another 6¢/lb by early November. The decline in prices erased 11¢ worth of increases implemented earlier this year and possibly a couple of cents more. The London Metal Exchange (LME) December short-term futures contract for butene LLDPE for blown film dropped to 50.1¢ from November’s 52.8¢/lb. Nonetheless, at press time at least three suppliers–Dow, Nova, and CP Chem–issued price hikes of 6¢/lb for Dec. 1.

Contributing factors: Suppliers say orders for PE resins came to a stop in the second half of September, as a result of year-end inventory destocking throughout the supply chain–which occurred nearly two months earlier than usual. Some suppliers attribute this to inventory build-up in the second and third quarters. Explains one resin maker, “Several converters and resin distributors purchased at least a month’s inventory to secure against another major hit from hurricanes. As the hurricane season came to a quiet end, there was plenty of resin in the secondary markets and at converters.”

Meanwhile, October ethylene monomer contract prices settled at 48.5¢/lb, down 3¢ from September, and November contract bids were coming in 3¢ to 4¢ lower than that. Sources at purchasing consultant Resin Technology Inc. (RTI), Fort Worth, Texas, say lower monomer prices could drag PE prices lower too.

Suppliers maintain that market fundamentals will support firmer prices in the new year–hence the December price increase. “We see lower inventories across the chain globally,” says one resin producer. Domestic suppliers’ inventory levels, typically 45 to 60 days, are currently 35 to 40 days. RTI sources don’t see PE prices moving upwards until February at the earliest.

 

PP prices down

Polypropylene prices dropped an average of 3.5¢/lb by early November. LME’s December short-term futures contract for g-p injection-grade homopolymer also dropped to 50.4¢ from November’s 50.1¢/lb.

Contributing factors: Suppliers attribute the drop in PP prices primarily to the sharp decline in propylene monomer tabs, as well as resin inventory destocking in anticipation that PP prices will fall in parallel with monomer. Propylene contract prices for November dropped 9¢ to 40.5¢/lb.

At press time, some industry sources expected PP prices to drop even more before the year’s end. Sources at RTI saw the possibility of trimming another 5¢ to 6¢/lb off contract prices.

 

PVC prices sag

PVC resin prices fell 2¢/lb for most buyers in October, though some got an extra penny off. In mid-November, both processors and suppliers expect prices to drop another 2¢ or 3¢, depending on how much a buyer paid in October.

Contributing factors: With chemical feedstock prices dropping, PVC buyers stopped ordering and ran down inventories while waiting for resin prices to slip.

 

Up-again, down-again PS

PS producers bucked the general downtrend in resin and feedstock prices and raised prices 3¢/lb in October, only to drop them again by 3¢ in November. Huntsman and Nova tried for a 4¢ hike on EPS in November, but when BASF didn’t follow, the attempt flopped. EPS prices are expected to stay flat.

Contributing factors: PS demand is weak, especially in food service, which has lost some market share to competitive materials. Only durables like refrigerators, printers, and office equipment are holding up. EPS demand isn’t down as much as other construction materials.

 

Other hikes

Arkema lifted tabs on its Rilsan specialty nylons and Orgalloy nylon alloys by 4% last month. And CYRO hiked acrylic molding compounds by 10¢/lb on Dec. 1.

 

Thermosets up

AOC, Interplastic, and Hexion followed Reichhold’s lead in raising vinyl ester products by 5¢/lb last month. Hexion also followed Dow in hiking epoxy resins 7¢/lb in October. 

 

Market Prices Effective Mid-Nov A
 
 RESIN GRADEb¢/LB¢/CU INc 

 ABS 

  

  
 
 MED IMPACT   84 - 90     3.1 - 3.4    
 HI IMPACT   89 - 125     3.3 - 4.7    
 X-HI IMPACT   99 - 140     3.7 - 5.3    
 HI HEAT   89 - 110     3.3 - 3.8    
 PIPE   89 - 110     3.3 - 4.1    
 SHEET   94 - 110     3.5 - 4.2    
 TRANSPARENT   129 - 165     5.1 - 6.4    
 FITTINGS   89 - 115     3.3 - 4.3    
 PLATING   99 - 105     3.7 - 3.9    
 FLAME RET   124 - 140     4.6 - 5.9    
 STRUCT FM   87 - 97     3.2 - 4.3    
 10% GLASS   129 - 140     4.8 - 5.6    
 30% GLASS   124 - 136     4.6 - 6.3    
 ABS/PC ALLOY   149 - 180     5.5 - 6.8    
 ABS/PVC ALLOY   134 - 139     5.0 - 5.2    
 ABS/NYLON ALLOY   194     7.3    


 ACETAL 

  

  
 
 HOMOPOL   148 - 165     7.5 - 8.4    
 20% GLASS   168 - 228     8.5 - 11.5    
 COPOLYMER   141 - 153     7.1 - 7.7    
 25% GLASS   168 - 240     8.5 - 12    


 ACRYLIC 

  

  
 
 G-P   117     5.0    
 IMPACT   192     8.2    


 ACRYLONITRILE 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   189     8.2    
 CAP   189     8.2    


 DAP (G-P) 

251 - 497   

16.7 - 34.7   
 


 EPOXY 

  

  
 
 G-P RESIN   116 - 126     NAd    
 COMPOUNDS          
 C/B/Te   123 - 166     9.4 - 12.9    
 R/C/Df   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   5000 - 6000    385 - 462    
 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-IMIDEg 

  

  
 
 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   
 


 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    


 POLYCARBONATE 

  

  
 
 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   185 - 207     11.9    
 STRUCT FOAM   159 - 165     NAd    


 PET 

  

  
 
 BOTTLE (RAILCAR)   88 - 89     4.4 - 4.5    
 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    
 RESIN GRADEb¢/LB¢/CU INc 


 POLYESTER THERMOSET 

  

  
 
 G-P ORTHO   140 - 145     NAd    
 ISOPHTHALIC   165 - 175     NAd    
 BIS-A   210 - 215     NAd    


 PEEK 

4400   

231   
 
 30% GLASS   3300     173    


 POLYETHERIMIDE 

641 - 646   

29.3 - 29.5   
 
 30% GLASS   526 - 531     24.0 - 24.2    


 POLYETHERKETONE (PEK) 

2950   

130.1   
 
 30% GLASS   2600     153    


 POLYETHERSULFONE 

350 - 400   

17.2 - 19.7   
 
 30% GLASS   425 - 525     21 - 25.9    


 POLYETHYLENE (RAILCAR) LDPE 

  

  
 
 G-P MOLDING & EXTRU   81 - 83 Prices Went Down 
  2.6 - 2.7 Prices Went Down 
 
 INJECTION   83 - 85 Prices Went Down 
  2.7 Prices Went Down 
 
 LID RESIN   85 - 87 Prices Went Down 
  2.7 - 2.8 Prices Went Down 
 
 LINER   79 - 81 Prices Went Down 
  2.6 Prices Went Down 
 
 CLARITY   78 - 80 Prices Went Down 
  2.6 Prices Went Down 
 
 EXTRU COATG   82 - 84 Prices Went Down 
  2.7 Prices Went Down 
 
 BLOW MOLD   85 - 87 Prices Went Down 
  2.7 - 2.8 Prices Went Down 
 


 LLDPE, BUTENE BASED 

  

  
 
 G-P MOLDING   68 - 70 Prices Went Down 
  2.3 - 2.4 Prices Went Down 
 
 LME 30-DAYj   50.1 Prices Went Down 
  1.7 Prices Went Down 
 
 FILM   70 - 72 Prices Went Down 
  2.4 Prices Went Down 
 
 ROTOMOLD   72 - 74 Prices Went Down 
  2.4 - 2.5 Prices Went Down 
 


 LLDPE, HAO-BASED 

  

  
 
 G-P MOLDING   79 - 81 Prices Went Down 
  2.6 - 2.7   
 
 LID RESIN   89 - 91 Prices Went Down 
  2.9 - 3.0   
 
 LINER FILM   83 - 85 Prices Went Down 
  2.7 - 2.8   
 


 HDPE 

  

  
 
 G-P INJ MOLD   73 - 75 Prices Went Down 
  2.5 Prices Went Down 
 
 FILM   77 - 79 Prices Went Down 
  2.7 Prices Went Down 
 
 BLOW MOLD   73 - 75 Prices Went Down 
  2.5 - 2.6 Prices Went Down 
 

 HMW-HDPE 

  

  
 
 BLOW MOLDING   77 - 79 Prices Went Down 
  2.7 Prices Went Down 
 
 FILM   79 - 81 Prices Went Down 
  2.7 Prices Went Down 
 
 PIPE   84 - 86 Prices Went Down 
  2.8 - 2.9 Prices Went Down 
 


 UHMW-PE 

100 - 125   

3.6 - 3.7   
 


 PPE/PPO BASED RESIN 

  

  
 
 INJECTION   180     6.8    
 20% GLASSh   283     12.3    
 30% GLASSh   291     13.3    
 EXTRUSIONh   242     9.2    
 STRUCT FM   231     NAd    


 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    


 POLYPROPYLENE (RAILCAR) 

  

  
 
 G-P HOMOPOL INJECTION   78 - 80 Prices Went Down 
  2.6 Prices Went Down 
 
 LME 30-DAYj   50.4 Prices Went Down 
  1.6 Prices Went Down 
 
 EXTRUSION FIBER   76 - 78 Prices Went Down 
  2.5 - 2.6 Prices Went Down 
 
 PROFILES   82 - 84 Prices Went Down 
  2.6 - 2.7 Prices Went Down 
 
 RANDOM COPOL   83 - 85 Prices Went Down 
  2.7 Prices Went Down 
 
 BLOW MOLDING   83 - 85 Prices Went Down 
  2.7 Prices Went Down 
 
 FILM   80 - 82 Prices Went Down 
  2.6 Prices Went Down 
 
 INJECTION   90 - 92 Prices Went Down 
  2.9 - 3.0 Prices Went Down 
 
 IMPACT COPOL          
 MED IMP   90 - 92 Prices Went Down 
  2.9 - 3.0 Prices Went Down 
 
 HI IMP   93 - 95 Prices Went Down 
  3.0 - 3.1 Prices Went Down 
 


 POLYSTYRENE (RAILCAR) 

  

  
 
 G-P CRYSTAL   79 - 85     3.0 - 3.3    
 HI HEAT   82 - 88     3.1 - 3.3    
 HIPS   80 - 85     3.0 - 3.3    
 SUPER HI IMP   90 - 94     3.2 - 3.5    
 FR   98 - 106     3.7 - 4.0    
 STRUCT FM (FR)   105 - 108     NA    


 EPS 

  

  
 
 UNMODIFIED   85 - 88     NAd    
 MODIFIED   86 - 90     NAd    


 POLYSULFONE 

569   

25   
 
 10% GLASS 430 20.6   669     32    
 30% GLASS 372 20.01   609     20    


 POLYURETHANE (TP) 

  

  
 
 ESTER TYPE   185 - 255     8 - 11    
 ETHER TYPE   245 - 295     10.6 - 13    


 PU ISOCYANATES 

  

  
 
 POLYMERIC MDI   118 - 135     NAd    
 80/20 TDI   145 - 155     NAd    


 PVC RESIN (RAILCAR) 

  

  
 
 G-P HOMOPOL   52 - 54 Prices Went Down 
  NAd    
 PIPE   49 - 51 Prices Went Down 
  NAd    
 FILM   60 - 63 Prices Went Down 
  NAd    
 COPOLYMER FLOORING   68 - 70 Prices Went Down 
  NAd    
 DISPERSION HOMOPOLY   81 - 87 Prices Went Down 
  NAd    
 COPOLYMER   86 - 90 Prices Went Down 
  NAd    
 CPVC PIPE COMPOUND   119     NAd    


 PVDC 

  

  
 
 EXTRUDABLE   162     NAd    


 SILICONES 

  

  
 
 MOLD. COMP.   581 - 640     38.1 - 39.3    
 SPECIALTY GR.   891 - 3148    NAd    
 SILICONE/EPOXY   339 - 343     22.5 - 22.8    


 STYRENEACRYLIC 

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   300 - 350     10.9 - 12.7    
 POLYESTER   200 - 310     8.8 - 13.6    
 STYRENIC   82 - 237     2.9 - 8.3    


 UREA MOLDING COMPOUND 

  

  
 
 BLACK & BROWN   76     3.8    
 WHITE & IVORY   81     4.0    


 VINYL ESTER 

  

  
 
 COR RES   218 - 230 Prices Went Up 
  NAd    
 HEAT & COR RES   243 Prices Went Up  
  NAd    

KEY: Colored areas indicate pricing activity. An arrow () indicates direction of price change. aTruckload, unless otherwise specified. bUnfilled, natural color, unless otherwise specified. cBased on typical or average density. dNot applicable. eNovolac and anhydride grades for coils, bushings, transformers. fNovolac and anhydride grades for resisitors, capacitors, diodes. gIn quantities of 20,000 lb. h19,800-lb load. jLME 30-day futures contract for lots of 54,564 lb..