PE faces late-year price drop

By Frank Esposito
Senior Staff Reporter

Published: December 17, 2012 6:00 am ET

Plastics News senior reporter Frank Esposito

Related to this story

Topics Materials, Suppliers

AKRON, OHIO (Dec. 17, 12:10 p.m. ET) — A late-year price drop for North American polyethylene is featured in this week’s Material Insights video.

Prices for the material in the region fell an average of 2 cents per pound in November, according to buyers contacted by Plastics News. Average selling prices for PE now are down a net of 5 cents per pound since Jan. 1.

A buying spree from plastics conglomerate Ravago Group also is featured in this week’s video. In the last couple of months, the Belgium-based firm has bought two U.S.-based PET distributors (Burcham International and Meckler & Associates) and a pair of European expanded polystyrene makers (Monotez and Eastchem).

The video wraps up with a positive outlook for U.S. plastics and chemicals from the American Chemistry Council of Washington. Almost $45 billion in new projects have been announced, including new PE capacity. ACC President Cal Dooley said that affordable natural gas has flipped the cost equation between the U.S. and the rest of the world in the last five years.

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

PE faces late-year price drop

By Frank Esposito
Senior Staff Reporter

Published: December 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

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...    More

Image

Ukraine's Group DF may be forced to sell Crimea-based additives plant

July 28, 2014 10:12 am ET

Group DF, the industrial business of Ukrainian tycoon Dmitry Firtash, may be forced to sell off Eastern Europe's biggest producer of titanium oxide,...    More

Image

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Austrian mold maker seeking North American manufacturing partner

July 25, 2014 1:49 pm ET

An Austrian mold maker is looking for a manufacturing location in North America.    More

Image

DuPont resins help take Nike golf balls 'Fore!'ward

July 25, 2014 1:07 pm ET

It may be difficult to imagine just how much science, not to mention rubber and plastic components, go into a golf ball. But global giant DuPont Co. b...    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