PE faces unexpected price hike

By Frank Esposito
Senior Staff Reporter

Published: January 16, 2012 6:00 am ET

Plastics News senior reporter Frank Esposito

Related to this story

Topics Materials, Suppliers

AKRON, OHIO (Jan. 16, 12:25 p.m. ET) — An unexpected year-end price hike for polyethylene resins in North America is featured in this week’s Material Insights video.

The 5-cent hike took hold even as buyers as late as mid-month expected prices to be flat. Producers cited lower inventories and stronger-than-expected December demand as a reason for the move. PE makers now have announced increases of 6 cents per pound for January, with some announcing hikes of 7 cents per pound for February as well.

Archer Daniels Midland's split with Metabolix also is featured in this week's video. The two firms had worked together to commercialize Matabolix's Mirel-brand PHA bioresin, but ADM officials decided the venture wasn't delivering sufficient results.

The video wraps up with a pair of news items from the resin distribution world. Ravago Americas has bought distributor and compounder Amco Plastic Materials of Farmingdale, N.Y. Amco president Gary Metzger is expected to remain with the firm, which opened in 1955. Meanwhile in Northbrook, Ill., resin distributor M. Holland announced that it's now distributing engineering resins for global plastics and chemicals leader BASF Corp.


Comments

PE faces unexpected price hike

By Frank Esposito
Senior Staff Reporter

Published: January 16, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Prices trending up for some recycled resins

July 24, 2014 1:27 pm ET

Plastics News is correcting prices for recycled grades of several commodity resins on this week's resin pricing chart.    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

US Bioplastics receives funding to bring Gatoresin to the market

July 24, 2014 1:44 pm ET

Materials maker U.S. Bioplastics is hoping its Gatoresin product will take a bite out of the bioplastics market, thanks to funding from a state...    More

Image

BASF posts growth in second quarter

July 24, 2014 11:08 am ET

German chemical giant, BASF SE, has announced a 1 percent growth in sales for the second quarter of 2014 compared to the same period in...    More

Image

Bayer PC used for lightweight, durable luggage collection

July 24, 2014 10:52 am ET

Bayer MaterialScience has partnered with U.S.-based travel goods manufacturer Andiamo Luggage LLC to create a special plastic for suitcases that is sc...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events