The resin market recovered some in March with producers looking to solidify gains with another increase announcement. Inventories still appear to be in good shape but export demand and reduced ethylene production are creating price pressure. See update here.
Short term market conditions favor increasing PE prices per The Plastics Exchange. Spot purchase prices have moved higher and contracted prices appear to be tested as well. Producers are surely trying to 'get-while-the-gettin-is-good', but with new manufacturing capacity coming on-line, it remains to be seen if this bullish sentiment is sustainable longer term. See update here.
Looks like the typical spring increase season is upon us with resin producers looking to finally implement a much talked about PE resin increase. A case can be made with higher monomer costs and tightening of supply, but weak export demand and well supplied processor inventories will make for tough sledding. May be the last increase chance for a while given the expected new capacity in North America coming on-line in short order. See TPE update here.
PE resin 'spot purchase' prices have apparently bottomed out and are ticking upward as both energy and feedstock costs have rebounded some. Sluggish exports and ample inventories are still supporting current contracted prices, but time will tell if cost pressures allow for upward movement here as well. See update here.
The Plastics Exchange has published a more detailed review of market conditions in this week's update. See update here.
The Plastics Exchange is encouraging us to read this update because as they put it '..it's a good one!'. See update here.
Little change in the PE resin market. Ample supply and low feedstock costs maintain pressure for lower prices. See update here.
Materials giants Dow Chemical Co. and LyondellBasell Industries posted mixed results in 2015, with sales down but profits up at both firms. See Plastics News article here.
Little has changed in the PE market. Low feedstock costs and abundant inventories led to further price erosion on contracted purchases. See update here.
Spot and Export PE prices continue to slide with some producers proactively offering decreases on contract pricing as well. See update here.
|
Archives
January 2018
Categories
All
Resourcesexcelfoam |