WEB EXCLUSIVE: Even before the effect of Middle East unrest on oil prices could ripple through the petrochemical/plastics industry, fresh price hikes were announced for early March in nylon, polyolefin wire/cable compounds, and thermoset polyesters.
•BASF raised tabs on nylon 6 resins by 12¢/lb.
•Dow Wire & Cable hiked its Endurance, Engage, and other wire/cable compounds by 12¢ to 19¢/lb for most grades, though a few rose by 29¢/lb.
•AOC and Interplastic increased prices of unsaturated polyesters, vinyl esters, and gelcoats by 6¢/lb, while Reichhold pegged its increase at 4.8% on resins and 2.5% on gelcoats.
Editor PickPrices of PP, PS Up, Flat for PE & PVC--For Now
The second quarter will bring a risk of higher prices for PE, PS, and PVC, driven primarily by higher feedstock costs and a strong rebound of exports.