N. American prices on the rise for polystyrene, PET bottle resin

By Frank Esposito
Senior Staff Reporter

Published: September 17, 2012 6:00 am ET

Plastics News senior reporter Frank Esposito

Related to this story

Topics Materials, Suppliers

AKRON, OHIO (Sept. 17, 11:25 p.m. ET) — North American price hikes for solid polystyrene and PET bottle resin are featured in this week’s Material Insights video.

Regional PS prices moved up an average of 5 cents per pound in August, with PET prices ticking up an average of 4 cents. The PS move was tied into higher prices for benzene feedstock and moved counter to a 5 percent drop in first-half PS demand in the US and Canada. The PET increase took some buyers by surprise, since it came at a time of year when beverage demand starts to decline bringing with it lower demand for PET. PET prices had been down or flat for four straight months before the August increase.

A PET-related land deal from M&G Group also is featured in this week’s video. M&G has purchased land from a philanthropic foundation in Corpus Christi, Texas, that now will be used for a plant making 2.2 billion pounds of annual PET and 2.6 billion pounds of PTA feedstock. Officials with M&G said the site will be the world's largest integrated PET plant.

The video wraps up with a pair of news items from color concentrate and additives maker Americhem in Cuyahoga Falls, Ohio. The firm recently announced a multiyear deal to distribute flame-retardant polyphosphonate resin for FRX Polymers in Western Europe and Turkey. Americhem also launced a new line of black concentrates using nigrosine dye for under-hood auto applications and similar uses.

Player adds pre-roll mathelin bay ad, to single-video player. For use on PN article embedding.

By use of this code snippet, I agree to the Brightcove Publisher T and C

found at https://accounts.brightcove.com/en/terms-and-conditions/.

—>

This script tag will cause the Brightcove Players defined above it to be created as soon

as the line is read by the browser. If you wish to have the player instantiated only after

the rest of the HTML is processed and the page load is complete, remove the line.

—>


Comments

N. American prices on the rise for polystyrene, PET bottle resin

By Frank Esposito
Senior Staff Reporter

Published: September 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

UMass Lowell hosts collaborative research meeting for future projects

July 30, 2014 11:54 am ET

The University of Massachusetts at Lowell recently hosted a seminar, which was billed as a collaborative research meeting between Dow Chemical Co.,...    More

Image

North American robot sales set record

July 30, 2014 4:46 pm ET

The North American robotics sector is off to its fastest start ever, shattering last year's first-half record, with a first-half 2014 of 14,135...    More

Image

Styrolution will open new production late 2014

July 30, 2014 12:54 pm ET

Germany-based styrenic materials group, Styrolution, has announced it is expanding its facility in Ludwigshafen, Germany.    More

Red Wave machine helps sort 4,000 metric tons of mixed plastics recycling

July 30, 2014 11:00 am ET

Redwave, the Austrian manufacturer of optical sorting machines for recycled plastics, supplied a line for the IMOG sorting facility in South West...    More

Herbold system removes foreign materials from recycling machine

July 30, 2014 10:55 am ET

Herbold Meckeshneim GmbH has developed an affordable, simple solution to remove foreign material that enters recycling machine, such as metal parts an...    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

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