See full update here.
The Plastics Exchange - 'Spot resin trading improved, but monthly transactional volumes still lagged below historical averages. Market sentiment remains skewed towards negative and processors have generally been limiting purchases to minimal levels expecting lower prices ahead. While overall prices for both Polyethylene and Polypropylene were soft, particularly offgrade, Generic Prime mostly held steady this week.'
See full update here. WASHINGTON (June 7 , 2016) – The American Chemistry Council (ACC) issued the following statement in response to an announcement by Royal Dutch Shell that Shell Chemical Appalachia LLC has taken the final investment decision to build a major petrochemical complex, comprising an ethylene cracker with polyethylene derivatives unit, near Pittsburgh, Pennsylvania. See full ACC article here.
The Plastics Exchange states that 'Polyethylene and Polypropylene supplies continued to build and spot prices slid further' in the past week. See update here.
Forbes - Acquiring New Customers Is Important, But Retaining Them Accelerates Profitable Growth6/8/2016
Forbes Article gives advice on customer retention - 'As the old verse goes, “Make new friends, but keep the old. One is silver, the other gold.” Similarly, a long-term customer is of more value than a single-deal customer, and it’s a lot less expensive to keep a current customer than to acquire a new one. This is not to say that we shouldn’t go out and get new customers, but if we can keep a larger percentage of those customers for a longer life cycle, we build on a revenue foundation that is more profitable and predictable; two factors that have created tremendous wealth for entrepreneurs.' See full article here.
Per the Plastics Exchange PE resin pricing is holding steady although pressure from processors to get back some of the recent gains continues to mount based on new capacity expectations and slowing demand. PP resin continues to move downward with plenty of supply and limited demand for exports. See update here.
Plastics News - In a surprise move, ExxonMobil Chemical Co. has announced that it will reduce U.S. polypropylene resin prices by as much as 5 cents per pound in June. The move will take place regardless of any price change for propylene feedstock, market sources said. See Plastics News article here.
Plastics Today - A surge in new plastics chemical capacity coming from low-cost producers in North America, the Middle East and China is driving an oversupply in the global market for polyethylene (PE) and polypropylene (PP). The glut will pressure margins for producers and change the global competitive landscape, according to a new report from global business analyst IHS (Englewood CO). See Plastics Today article here.
Plastics Today - The UOP business of Honeywell (Morris Plains, NJ) broke ground on a new manufacturing facility outside Shanghai to produce materials used to convert methanol from coal into feedstocks for making plastics. This breakthrough technology allows China and other countries to tap abundant, low-cost coal resources to meet growing demand for plastics. See Plastics Today article here.
PE pricing remained flat for the early part of May. Improving PE production from Mexico could signal downward price pressure in the coming months. Oil pricing is again on the rise, however, and gives producers a talking point for maintaining recent price gains. See update here.
PE pricing, supply and demand remains fairly unchanged. Oil prices continue to move up due to supply outages and increased Asian demand, but slowing PE demand domestically coupled with improving supply has kept resin pricing in check. See update here.
|
Archives
January 2018
Categories
All
Resourcesexcelfoam |