Go to Video Section

PVC prices up, as PP loses February increase

AKRON, OHIO — Opposite moves in North American PVC and PP resin pricing are featured in this week's Material Insights video. Also this week, news from the IHS World Petrochemical Conference in Houston, including about the shale gas boom that is fueling ExxonMobil PE expansion plans, and forecasts from IHS consultants on the future of polyolefins capacity, demand and markets.

Published: April 1, 2013 3:00 pm ET
Updated: April 15, 2013 4:51 pm ET

AKRON, OHIO — Opposite moves in North American PVC and PP resin pricing are featured in this week's Material Insights video.

Regional PVC prices were up a nickel per pound in March, while PP prices slipped an average of 6 cents. Strong demand led to the PVC move, while factors in propylene monomer drove PP down. The March move was the second straight month that PVC prices were up. PP gave back a 6-cent hike from February that followed a 15-cent January hike.

News items from the recent IHS World Petrochemical Conference also are featured in this week's video. At the event, ExxonMobil Chemical Co. President Stephen Pryor said the world is on the cusp of a new age of unconventional energy because of new shale gas in North America. Those discoveries are allowing ExxonMobil to move forward with a massive expansion of its complex in Bayport, Texas, including the addition of almost 3 billion pounds of polyethylene capacity.

The video wraps up with predicitions of global PE and PP growth from IHS analysts Nick Vafiadis and Robin Waters. Both materials are expected to grow at rates of almost 5 percent between 2012 and 2017. PE growth should lead to PE processors announcing new capacities for their own products, Vafiadis said. Waters added that new PP capacity should be announced for North America as more shale-based propane becomes available.

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events