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

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Dow sees solid second quarter performance

July 29, 2014 11:19 am ET

Dow Chemical Co. has reported its second quarter figures, with its seventh consecutive quarter of growth, according to the company.More

Image

Evonik sells polyimide foams operation to Boyd

July 29, 2014 10:46 am ET

Modesto, Calif.-based Boyd Corp., a manufacturers of specialty material and sealing agents, has purchased Evonik Industries’...    More

Image

Formosa to be compensated for Vietnam riot

July 28, 2014 1:44 pm ET

Taiwan's Formosa Plastics Group will receive $2.39 million from the Vietnamese government and insurance companies for damages suffered during the anti...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events