AKRON, OHIO (Aug. 20, 2:40 p.m. ET) — Recent North American price drops for ABS, nylon and polycarbonate resins are featured in this week's Material Insights video.
Regional ABS prices are down a net of 4 cents per pounds since Jan. 1, according to buyers and market watchers contacted by Plastics News. Nylon 6 prices are down 11 cents and nylon 6/6 prices are down 6 cents in that same comparison. PC prices have slumped 8 cents per pound since May. Weak demand and lower feedstock prices played a role in the price drops.
A. Schulman's most recent acquisition also is featured in this week's video. This time, Schulman has paid $36.5 million for ECM Plastics, a compounder based in Worcester, Mass. ECM has annual sales of about $40 million. It's the sixth acquisition in less than three years for Fairlawn, Ohio-based Schulman.
The video wraps up with news of a joint venture between plastics and chemicals makers Mexichem and Occidental Chemical. The JV will build an ethylene cracker — probably in Mexico — to supply ethylene to an OxyChem vinyl chloride monomer plant in Texas. That VCM then would be shipped to Mexichem PVC plants in Mexico, where it would be used as a feedstock.
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