PT Blog

September 2017 resin pricing

By mid-September, unlike the previous month at that point, it was clear that prices of all commodity thermoplastics were firm-to-up and the post-Hurricane Harvey impact was central to this movement. This, according to the latest weekly PetroChemWire (PCW) reports on PP, PE, PS, PVC and PET, as well as from the most recent market update of The Plastics Exchange. The key takeaways:

PE: PCW Senior Editor David Barry reported that spot PE prices were flat-to-higher as supply availability continued to take priority over cost in many market segments. He identified the blow molding HDPE, injection molding HDPE, and LLDPE hexene as being the most supply challenged. “Large blow molders and distributors were seen scouring the market for spare inventory to cover shortfalls due to supplier force majeure declarations.”

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Extrusion 2017 Conference

Seats and hotel rooms are filling up fast Plastics Technology’s upcoming Extrusion 2017 Conference, to be held Oct. 18-20 in Charlotte, N.C. at the Sheraton Charlotte Hotel in the downtown section of the city. But there is still time for you to register to attend this yearly event covering all things extrusion.

This two-and-a-half-day event, Plastics Technology’s third such conference, is packed with presentations from more than 80 technical experts from the world of extrusion covering a wide range of subject areas.

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ExxonMobil Chemicals Baytwon Texas

The latest post-Hurricane Harvey updates from both Houston-based PetroChemWire (PCW) and U.K-based consultancy Wood MacKenzie are signaling perhaps a swifter recovery at the Texas monomer and resin manufacturing sites than originally thought possible.  

PCW, which continues to doggedly report on the overall impact and restarts, noted in its 23rd update that conditions continued to improve at many of the sites as of Friday, Sept. 15. Highlights of the report includes:

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While one of the criteria for the annual reward is average leadtime for tools (broken down by tool complexity), MoldMaking Technology (MMT) Editorial Director Christina Fuges stresses that winners of the longstanding award are more than just speedy.

“We seek to recognize excellence in industry leaders and in those aspiring to be industry leaders. It’s not just about whether your shop has the shortest delivery times. It’s about what you do with what you have.”

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Houston Ship Channel Texas Department of Transportation

Perc Pineda, the chief economist of PLASTICS hired this past April, issued a statement on the economic impact of Hurricane Harvey on Sept. 1, with a focus on the plastics industry.

“For us in the plastics industry, we watched the news with sympathy for our colleagues impacted by the hurricane. So many companies that are critical to the vitality of our industry are located in Houston, Texas and neighboring areas that were affected.”

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