Several major polypropylene makers have announced 3 cent price increases effective Feb. 1, two weeks after announced increases from Exxon Chemical and Solvay Polymers are scheduled to take effect.
Montell Polyolefins of Wilmington, Del., Amoco Polymers of Alpharetta, Ga., Epsilon Products of Marcus Hook, Pa., Huntsman Corp. of Salt Lake City and Dow Chemical Co. of Midland, Mich., each have announced increases since Dec. 30.
Industry sources said Fina Oil & Chemical Co. of Dallas had announced a similar increase, but Fina officials could not be reached at press time. Officials at Phillips Sumika Polypropylene Co. of Houston said they were considering a similar move but had not taken action.
PP prices dropped an average of 4 cents in the latter half of 1997. Two rounds of price increase attempts, each seeking 3 cents, were largely unsuccessful in 1997.
U.S. and Canadian PP production was projected to finish up 10.2 percent in 1997, while sales and captive use were pegged to jump 7.1 percent, according to the Society of the Plastics Industry Inc. in Washington.