The athletes in Beijing aren’t the only ones taking record leaps this summer.

The athletes in Beijing aren’t the only ones taking record leaps this summer. PVC producers asked for a startling 8¢/lb increase; PS prices ticked upward at two-week intervals; PP soared by double digits, as did several engineering resins; and LCPs scored a triple-digit climb. In nearly all cases, the cause was not supply or demand, but underlying costs of feedstocks, energy, transportation, and even packaging.

 

PE PRICES UP SHARPLY

Polyethylene prices moved up 5¢/lb in June, bringing to 11¢ the total increases implemented since January. Last month, suppliers were also intent on getting a 7¢ hike dated July 1 and they posted an 8¢ increase for Aug. 1. The London Metal Exchange (LME) North American short-term futures contract in blown film butene LLDPE also jumped from July’s 73¢ to 79.5¢/lb for August.

Contributing factors: The 7¢ July hike is likely to be implemented in full, as was the June increase, according to Mike Burns, global business director for PE at resin purchasing consultant Resin Technology, Inc. (RTI), Fort Worth, Texas. He notes that June contracts for ethylene monomer rose 5¢ to 70¢/lb. That adds up to 9¢ since January. But bids for July monomer contracts rose another 7¢ to 13¢/lb.

Domestic demand continues to be soft, and industry estimates predict a 2% to 6% decline for the first half of this year. Exports are still taking up much of the slack, but most industry experts look for exports to soften soon.

 

PP ROCKET UPWARD

Polypropylene prices moved up 6¢ to 7¢/lb in June, a partial implementation of that month’s 8¢ hike. For July 1, PP suppliers issued unprecedented price hikes totaling 17¢/lb, 2¢ of which is a surcharge for transportation and utility costs. LME’s August North American short-term futures contract for g-p injection-grade homopolymer soared to 91.2¢ from July’s 78.9¢/lb.

Contributing factors: PP resin tabs have closely tracked rising monomer costs. June propylene contracts moved up 6¢/lb and July contract bids ranged 8¢ to 15¢ higher. “Monomer inventories are low and the market is tight. This will continue until propylene prices are high enough to justify more monomer production,” ventures Scott Newell, director of client services at RTI.

Domestic demand for PP continues to be in a slump, with industry statistics showing a 5% drop through May. While PP export demand started the year above historical highs, it has dropped drastically in the last few months due to the cost of monomer, according to RTI’s Newell. PP plant utilization rates are said to be around 85% or perhaps lower. Suppliers have shuttered older capacity and throttled back production, thereby trimming inventories to 30 to 35 days, from the usual 38 to 40 days.

 

PET PRICES UP

PET prices moved up 8¢ to 10¢/lb by the end of June, reflecting partial implementation of price hikes for April, May, and June totaling 12¢/lb. Meanwhile, suppliers were aiming to implement a 7¢ increase for July 1.

Contributing factors: Feedstocks were up 13¢ between March and April alone, and energy and transportation costs for PET producers rose 1.5¢ to 3¢, according to one leading supplier. Price of paraxylene precursor, at 58.25¢/lb in March, was headed to 71.5¢ for June. Projections for July contracts were around 78¢/lb. Said one supplier, “We are trying to explain to our customers that these are unprecedented times and that this surge in feedstock, energy, and transportation costs is here for the long run.”

 

RECORD PVC HIKE POSTED

All PVC resin producers added 4¢ to previously announced 4¢ hikes for July 1, adding up to a record-high 8¢/lb price increase, at least half of which is expected to stick. Spot prices are already up 8¢. This follows a 4¢ increase in May and June.

Contributing factors: Ethylene monomer contract prices for June still had not settled in mid-July, but producers said there would be an increase of 5¢ to 15¢/lb. PVC demand through May was down 12.7%; pipe resin dropped 20.7%; and consumption in windows was off 6.5%.

 

TWICE-A-MONTH PS HIKES

The three big PS producers, Total, Ineos, and Americas Styrenics, announced staggered price increases of 12¢ to 14¢/lb for crystal and HIPS between mid-June and Aug. 1. Although their schedules varied, all three suppliers ended up raising prices at two-week intervals. What’s more, the spread between crystal widened to an unaccustomed gap of 4¢/lb.

Contributing factors: PS demand is fairly good, especially in packaging. But HIPS supply will stay very tight for at least the next two months because the rubber ingredient is on allocation.

 

OTHER RESIN INCREASES

BASF’s Styrolux and Styroclear SBC resins went up 6¢/lb on July 7 after rising a similar amount in June.

Bayer MaterialScience lifted tabs on PC and PC/ABS grades by around 10¢ to 15¢/lb in mid-June.

DSM raised injection molding and specialty grades of nylon 6 and 66 by 20¢/lb last month, while extrusion grades rose only 12¢.

Lubrizol hiked Estane and other aromatic TPUs by 21¢/lb July 15, but Tecoflex aliphatics went up 15¢.

Ticona’s Vectra A LCPs cost $1.60/lb more on Aug. 1. All other Vectra grades rose $1.15/lb.

Unsaturated polyesters, vinyl esters, and gel coats from Reichhold, CCP, and AOC cost 8¢/lb more this month. AOC added 2¢ and CCP 4¢ more to drum shipments because of the rising cost of steel. 

 

Market Prices Effective Mid-July A

 
 
 RESIN GRADEb¢/LB¢/CU INc 

 ABS 

  

  
 
 MED IMPACT   95 - 115     359 - 434    
 HI IMPACT   100 - 135     378 - 510    
 X-HI IMPACT   110 - 150     415 - 567    
 HI HEAT   95 - 130     359 - 491    
 PIPE   95 - 105     359 - 396    
 SHEET   99 - 115     374 - 434    
 TRANSPARENT   134 - 205     506 - 774    
 FITTINGS   94 - 115     374 - 434    
 PLATING   134 - 205     506 - 774    
 FLAME RET   129 - 145     487 - 548    
 STRUCT FM   92 - 102     347 - 385    
 10% GLASS   134 - 145     506 - 548    
 30% GLASS   129 - 141     487    
 ABS/PC ALLOY   154 - 185     532 - 699    
 ABS/PVC ALLOY   139 - 144     525 - 544    
 ABS/NYLON ALLOY   199 - 355     752 - 1341    

 ACETAL 

  

  
 
 HOMOPOL   151 - 172     7.7 - 8.7    
 20% GLASS   171 - 235     8.7 - 11.9    
 COPOLYMER   144 - 160     7.3 - 8.1    
 25% GLASS   171 - 245     8.7 - 12.4    

 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   69 - 71     2.3 - 2.4    
 FILM EXTRU   67 - 69     2.3    

 EVOH 

330   

15   
 

 FLUORO-POLYMER 

  

  
 
 CTFE   5000 - 6000     385 - 462    
 ECTFE   1200 - 1680     90.7 - 120    
 ETFE   1205 - 1730     80.7 - 115.8    
 FEP   971 - 1470     74.8 - 113.2    
 PFA   1550 - 2520     120 - 195    
 PTFE   500 - 950     33.5 - 63.6    
 PVDF   730 - 1100 Prices Went Up  
  47 - 70 Prices Went Up  
 

 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   650 - 750     24.3 - 28    
 30% GLASS   NAd - NAd     NAd - NAd    
 40% GLASS   NAd - NAd     NAd - NAd    
 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   171 - 182     7.4 - 7.9    
 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   150 - 185     7.0 - 7.5    
 STRUCT FOAM   149 - 181     6.4 - 7.8    
 20% GLASS   235 - 255     10.1 - 11.0    
 FR   166 - 197     7.1 - 8.5    
 CD   135 - 195     5.8 - 8.4    

 POLYESTER (TP) PBT TYPE 

  

  
 
 UNFILLED   145 - 150     6.8 - 7.3    
 HI-IMP   165 - 175     7.8 - 8.3    
 30% GLASS, FR   195 - 215     9.2 - 10.1    
 STRUCT FOAM   159 - 165     NAd    

 PET 

  

  
 
 BOTTLE (RAILCAR)   84 - 86 Prices Went Up  
  4.1 - 4.2 Prices Went Up  
 
 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   154 - 164     NAd    
 ISOPHTHALIC   183 - 198     NAd    
 BIS-A   218 - 238     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   86 - 88 Prices Went Up  
  2.8 Prices Went Up  
 
 INJECTION   88 - 90 Prices Went Up  
  2.8 - 2.9 Prices Went Up  
 
 LID RESIN   90 - 92 Prices Went Up  
  2.9 Prices Went Up  
 
 LINER   88 - 87 Prices Went Up  
  2.8 Prices Went Up  
 
 CLARITY   84 - 86 Prices Went Up  
  2.7 - 2.8 Prices Went Up  
 
 EXTRU COATG   89 - 91 Prices Went Up  
  2.8 - 2.9 Prices Went Up  
 
 BLOW MOLD   91 - 93 Prices Went Up  
  2.9 Prices Went Up  
 

 LLDPE, BUTENE BASED 

  

  
 
 G-P MOLDING   83 - 85 Prices Went Up  
  2.7 - 2.8 Prices Went Up  
 
 LME 30-DAYj   88 - 91 Prices Went Up  
  2.8 - 2.9 Prices Went Up  
 
 FILM   79.3 Prices Went Up  
  2.6 Prices Went Up  
 
 ROTOMOLD   85 - 87 Prices Went Up  
  2.8 Prices Went Up  
 

 LLDPE, HAO-BASED 

  

  
 
 G-P MOLDING   86 - 88 Prices Went Up  
  2.8 Prices Went Up  
 
 LID RESIN   96 - 98 Prices Went Up  
  2.9 - 3.0 Prices Went Up  
 
 LINER FILM   89 - 91 Prices Went Up  
  2.8 - 2.9 Prices Went Up  
 

 HDPE 

  

  
 
 G-P INJ MOLD   83 - 85 Prices Went Up  
  2.6 - 2.7 Prices Went Up  
 
 FILM   93 - 95 Prices Went Up  
  2.8 Prices Went Up  
 
 BLOW MOLD   93 - 95 Prices Went Up  
  2.8 Prices Went Up  
 

 HMW-HDPE 

  

  
 
 BLOW MOLDING   90 - 92 Prices Went Up  
  2.8 Prices Went Up  
 
 FILM   91 - 93 Prices Went Up  
  2.8 Prices Went Up  
 
 PIPE   98 - 100 Prices Went Up  
  2.9 Prices Went Up  
 

 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   450 - 520     27.0 - 31.2    
 55% GLASS/MINERAL   345 - 420     22.7 - 27.7    
 65% GLASS/MINERAL   270 - 315     18.9 - 22.1    

 POLYPROPYLENE (RAILCAR) 

  

  
 
 G-P HOMOPOL INJECTION   92 - 94 Prices Went Up  
  2.8 Prices Went Up  
 
 LME 30-DAYj   91.1 Prices Went Up  
  2.8 Prices Went Up  
 
 EXTRUSION FIBER   90 - 92 Prices Went Up  
  2.7 - 2.8 Prices Went Up  
 
 PROFILES   95 - 97 Prices Went Up  
  2.8 - 2.9 Prices Went Up  
 
 RANDOM COPOL          
 BLOW MOLDING   96 - 98 Prices Went Up  
  2.9 Prices Went Up  
 
 FILM   96 - 98 Prices Went Up  
  2.9 Prices Went Up  
 
 INJECTION   95 - 97 Prices Went Up  
  2.8 - 2.9 Prices Went Up  
 
 IMPACT COPOL          
 MED IMP   106 - 108 Prices Went Up  
  3.2 Prices Went Up  
 
 HI IMP   108 - 110 Prices Went Up  
  3.2 Prices Went Up  
 

 POLYSTYRENE (RAILCAR) 

  

  
 
 G-P CRYSTAL   96 - 102 Prices Went Up  
  3.6 - 3.8 Prices Went Up  
 
 HI HEAT   99 - 105 Prices Went Up  
  3.7 - 3.9 Prices Went Up  
 
 HIPS   100 - 106 Prices Went Up  
  3.7 - 4.0 Prices Went Up  
 
 SUPER HI IMP   106 - 112 Prices Went Up  
  4.0 - 4.2 Prices Went Up  
 
 FR   112 - 118 Prices Went Up  
  4.2 - 4.4 Prices Went Up  
 
 STRUCT FM (FR)   105 - 108     NA    

 EPS 

  

  
 
 UNMODIFIED   85 - 88     NAd    
 MODIFIED   86 - 90     NAd    

 POLYSULFONE 

650 - 750   

29 - 33   
 
 10% GLASS 430 20.6   799 - 875     36 - 39    
 30% GLASS 372 20.01   699 - 775     31 - 35    

 POLYURETHANE (TP) 

  

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

 PU ISOCYANATES 

  

  
 
 POLYMERIC MDI   125 - 145     NAd    
 80/20 TDI   135 - 145     NAd    

 PVC RESIN (RAILCAR) 

  

  
 
 G-P HOMOPOL   61 - 63 Prices Went Up  
  NAd    
 PIPE     60 Prices Went Up 
  NAd    
 FILM   66 - 68 Prices Went Up  
  NAd    
 COPOLYMER FLOORING   69 - 74 Prices Went Up  
  NAd    
 DISPERSION HOMOPOLY   81 - 87     NAd    
 COPOLYMER   86 - 90     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) 

80 - 88   

3.0 - 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   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          
 WHITE & IVORY          

 VINYL ESTER 

  

  
 
 COR RES   231 - 248     NAd    
 HEAT & COR RES   256 - 261     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..