Prices of all commodity resins are rising, especially steeply for PP and PS.

Prices of all commodity resins are rising, especially steeply for PP and PS. Feedstocks are the apparent culprit.

 

PE PRICES HIGHER

Polyethylene resin prices moved up 3¢/lb in June and July, reflecting full implementation of suppliers’ June increase after a similar hike in May. However, two 4¢ increases that were to go into effect July 1 and Aug. 1 had yet to be implemented by mid-August. The London Metal Exchange (LME) North American short-term futures contract in blown-film butene LLDPE for September was 45.5¢/lb, up from 41¢ for July and 44.9¢ for August.

Contributing factors: Pricing pressure from ethylene monomer and a rebound in exports to China were the impetus for summer price hikes, according to senior editor Mark Quinner of Houston-based PetroChem Wire. Robin Chesshier, director of client services at purchasing consultant Resin Technology Inc. (RTI), Fort Worth, Texas, notes that PE exports were up 30% in June but fell back 50% in July. In early August, Chesshier saw partial recovery and expected further export gains this month. Domestic demand remains poor, except for food and medical packaging.

For August, RTI projected PE resin tabs to remain mostly flat but September and October could be affected by possible increases in resin exports and feedstock prices and potential production problems during the hurricane season.

 

PP PRICES UP

Polypropylene prices were expected to move up 4¢/lb last month, following a 3¢ increase in May and an 8.5¢ jump that was mostly in place by early July. The LME short-term futures contract on g-p injection-grade homopolymer for September rose to 46.5¢/lb from August’s 44.9¢ and July’s 38¢.

Contributing factors: PP resin tabs have tracked the upward movement of propylene monomer prices. “This has all been feedstock driven. For the year to date, demand continues to be off—by 15% in the first quarter and 13% in the second quarter,” says Scott Newell, RTI’s director of client services for PP.

Monomer is very tight and contract prices moved up 8.5¢/lb in June and 1¢ in July to 41¢/lb. Initial agreements for August contracts called for a 4¢ increase, according to Quinner at PetroChem Wire.

 

PS SPIKES ON BENZENE

PS prices in June and July went up a total of 7¢/lb. All PS producers announced a further 6¢/lb increase for Aug. 1, which reportedly met little resistance. Ineos announced an additional hike for Aug. 15 of 4¢ for crystal and 5¢ for HIPS, while Americas Styrenics announced 5¢ and 6¢ hikes respectively for that date.

Contributing factors: Contract benzene soared unexpectedly from $2.92/gal in June to $3.65 in July. Spot prices rose as high as $3.80 because of the unexpected jump in crude oil. In mid-July benzene futures were down to $3.25.

 

PVC CREEPS HIGHER

As of mid-August, the contract price of PVC for July was expected to settle 1¢ to 1.5¢/lb higher, on top of a 1.5¢ bump in June and, in some cases, a penny in May. PVC producers all announced a 3¢ hike for Aug. 1. Westlake posted a further 3¢ for Sept. 1, while OxyChem and Georgia Gulf posted a 2¢ hike for that date.

Contributing factors: PVC demand, especially for pipe, is very weak. In mid-August, contract ethylene hadn’t settled for July or August, though the market expected a two-month settlement at 29.5¢/lb, down from 33.5¢ for June. Spot ethylene was about 25¢, and supply was expected to be ample. The motivation for the price hikes was weak margins for caustic and chlorine.

 

PET PRICES SET TO RISE

Bottle-grade PET tabs were expected to jump 3¢/lb last month, following a 1¢ rise in June. Suppliers want 3¢ to 4¢ more on Sept. 1.

Contributing factors: Higher feedstock costs are to blame. Paraxylene rose from 47¢/lb in July to 51¢ in August. Ethylene glycol moved up from 30.4¢/lb in July to 34.8¢ in August. Combined, these hikes create 3.4¢/lb higher costs for PET resin makers. “Another increase in raw materials worth 3¢/lb in resin cost is more than likely this month,” says one PET maker.
Industry sources expect PET demand this year to grow no more than 1%, after a decline last year. While demand is flat in carbonated soft drinks, bottled water is growing 2% to 3%, as are salad dressings, ketchup, salsa, pickles, mayonnaise, and spices. 

 

Market Prices Effective Mid-August A

 
 
 RESIN GRADEb¢/LB¢/CU INc

ABS 
  

  
 
 MED IMPACT   90 - 110     340 - 412    
 HI IMPACT   95 - 130     359 - 491    
 X-HI IMPACT   110 - 150     415 - 567    
 HI HEAT   90 - 125     340 - 472    
 PIPE   85 - 95     321 - 359    
 SHEET   90 - 105     340 - 397    
 TRANSPARENT   134 - 205     506 - 774    
 FITTINGS   94 - 115     355 - 434    
 PLATING   165     623    
 FLAME RET   120 - 140     453 - 529    
 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   750 - 1200     48 - 76.9    

 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   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   158 - 173     7.9    
 20% GLASS   164 - 181     8.2    
 30% GLASS   165 - 207     9.3    
 EXTRUSION   133 - 171     7.7    
 BLOW MOLD   138 - 176     7.5    
 STRUCT FOAM   137 - 172     7.8    
 20% GLASS   219 - 243     11.0    
 FR   153 - 188     8.5    
 CD   124 - 186     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)   70 - 73 Prices Went Up  
  3.7 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   151 - 162     NAd    
 ISOPHTHALIC   175 - 196     NAd    
 BIS-A   210 - 235     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   78 - 80 Prices Went Up  
  2.6 Prices Went Up  
 
 INJECTION   80 - 82 Prices Went Up  
  2.6 - 2.7 Prices Went Up  
 
 LID RESIN   81 - 83 Prices Went Up  
  2.7 Prices Went Up  
 
 LINER   76 - 78 Prices Went Up  
  2.5 - 2.6 Prices Went Up  
 
 CLARITY   74 - 76 Prices Went Up  
  2.5 Prices Went Up  
 
 EXTRU COATG   81 - 83 Prices Went Up  
  2.7 Prices Went Up  
 
 BLOW MOLD   83 - 85 Prices Went Up  
  2.7 - 2.8 Prices Went Up  
 

 LLDPE, BUTENE BASED 

  

  
 
 G-P MOLDING   68 - 70 Prices Went Up  
  2.4 Prices Went Up  
 
 LME 30-DAYj   46.7 Prices Went Up  
  1.6 Prices Went Up  
 
 FILM   70 - 72 Prices Went Up  
  2.4 Prices Went Up  
 
 ROTOMOLD   70 - 72 Prices Went Up  
  2.4 Prices Went Up  
 

 LLDPE, HAO-BASED 

  

  
 
 G-P MOLDING   72 - 74 Prices Went Up  
  2.4 - 2.5 Prices Went Up  
 
 LID RESIN   83 - 85 Prices Went Up  
  2.7 - 2.8 Prices Went Up  
 
 LINER FILM   76 - 78 Prices Went Up  
  2.5 - 2.6 Prices Went Up  
 

 HDPE 

  

  
 
 G-P INJ MOLD   69 - 71 Prices Went Up  
  2.4 Prices Went Up  
 
 FILM   78 - 80 Prices Went Up  
  2.6 - 2.7 Prices Went Up  
 
 BLOW MOLD   72 - 74 Prices Went Up  
  2.4 - 2.5 Prices Went Up  
 

 HMW-HDPE 

  

  
 
 BLOW MOLDING   76 - 78 Prices Went Up  
  2.6 Prices Went Up  
 
 FILM   77 - 79 Prices Went Up  
  2.6 Prices Went Up  
 
 PIPE   88 - 90 Prices Went Up  
  2.8 - 2.9 Prices Went Up  
 

 UHMW-PE 

1.22 - 1.52   

4.1 - 5.1   
 

 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   78 - 80 Prices Went Up  
  2.6 Prices Went Up  
 
 LME 30-DAYj   46.7 Prices Went Up  
  1.4 Prices Went Up  
 
 EXTRUSION FIBER   76 - 78 Prices Went Up  
  2.5 - 2.6 Prices Went Up  
 
 PROFILES   80 - 82 Prices Went Up  
  2.6 Prices Went Up  
 
 RANDOM COPOL          
 BLOW MOLDING   82 - 84 Prices Went Up  
  2.6 - 2.7 Prices Went Up  
 
 FILM   83 - 85 Prices Went Up  
  2.6 - 2.7 Prices Went Up  
 
 INJECTION   85 - 88 Prices Went Up  
  2.7 - 2.8 Prices Went Up  
 
 IMPACT COPOL          
 MED IMP   93 - 95 Prices Went Up  
  3.1 - 3.2 Prices Went Up  
 
 HI IMP   96 - 98 Prices Went Up  
  3.2 Prices Went Up  
 

 POLYSTYRENE (RAILCAR) 

  

  
 
 G-P CRYSTAL   66 - 72 Prices Went Up  
  2.5 - 2.7 Prices Went Up  
 
 HI HEAT   69 - 74 Prices Went Up  
  2.4 - 2.8 Prices Went Up  
 
 HIPS   75 - 81 Prices Went Up  
  2.8 - 3.0 Prices Went Up  
 
 SUPER HI IMP   82 - 89 Prices Went Up  
  3.1 - 3.3 Prices Went Up  
 
 FR   85 - 90 Prices Went Up  
  3.4 - 3.2 Prices Went Up  
 
 STRUCT FM (FR)   66 - 68     2.5    

 EPS 

  

  
 
 UNMODIFIED   89 - 92 Prices Went Up  
     
 MODIFIED   90 - 94 Prices Went Up  
  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   49 - 51 Prices Went Up  
  NAd    
 PIPE   47     NAd    
 FILM   54 Prices Went Up  
  NAd    
 COPOLYMER FLOORING   71 - 74     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   221 - 245     NAd    
 HEAT & COR RES   246 - 258     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..