Resin Prices
Dow Inc.’s board of directors recently gave final approval for what it’s calling its Path2Zero project in Fort Saskatchewan, Alberta, which it touts as the world's first net-zero scope 1 and 2 emissions ethylene and derivatives complex. Chairman and CEO Jim Fitterling talked about the historic project during remarks at the site.
North American prices for PVC and polystyrene resins fell as demand for both materials decreased late in the year.
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Three major commodity resins saw higher prices in the North American market in September.
Higher virgin material prices are supporting a boost in recycled polyethylene prices in Europe.
In September, standard thermoplastics resin prices in Europe registered strong price gains driven by higher upstream costs.
Continued upward pressure on benzene feedstock sent North American polystyrene resin prices up for the second consecutive month.
August had a little bit of everything on the resin pricing front, with polyethylene, PET, PVC and polystyrene prices all showing surprising increases, but polypropylene and others showing drops.
The UAW strike against the Detroit 3 is already impacting the resin market. PN's Sarah Kominek talks with Matt Zessin, global director of automotive for M. Holland, at the Detroit auto show. Also, a surprising price increase for polyethylene, driven by exports to China and supply issues at Chevron Phillips and Nova Chemicals.