Plastics Technology

JAN 2019

Plastics Technology - Dedicated to improving Plastics Processing.

Issue link:

Contents of this Issue


Page 51 of 60

Meanwhile, PET from Malaysia was at 75¢/lb to U.S. East Coast and West Coast ports. PET was again available from the five coun- tries—Taiwan, South Korea, Indonesia, Pakistan and Brazil—for which anti-dumping duties were lifted. PET from South Korea was available for delivery to the U.S. West Coast by February, although demand from Europe was drawing some Korean PET to that region, given higher prices offered by some E.U. countries and lower shipping costs compared with the U.S. ABS PRICES DOWN ABS prices continued flat through November, but a "sea change in all key feedstock costs" was expected by RTi's Kallman to result in lower prices starting in December. He projected a decline of 3-5¢/ lb per month over a two-to-three month period. In addition to a 69¢/gal drop in benzene prices from November to December, butadiene prices came down about 22¢/lb globally since October. Ditto for acrylonitrile, which declined about 10¢/lb. Moreover, prices of Asian ABS imports had dropped substantially, making an adjustment to domestic ABS prices necessary. PC PRICES FLAT-TO-DOWN Polycarbonate prices were trending down in the last two months of the year and double-digit decreases were expected this month as new-year contracts were being negotiated, according to RTi's MORE THAN JUST STORAGE! Manage your inventory Become better organized Protect your investment Create a safer working environment Our mold management systems are designed to save you space, time & money. GO FROM THIS TO THIS! Visit our website or give us a call to learn more about how we can help you with your die or mold management needs. 716.822.2804 Kallman. This would shave off quite a bit from the 2018 first-quarter price hikes of up to 14¢/lb. "The market has gone from well-bal- anced to oversupplied due to an influx of lower-priced Asian imports and ample domestic availability," he said. PRICES OF NYLON 6 LOWER; NYLON 66 STABILIZING Nylon 6 prices moved up by a couple of cents in the fourth quarter, as suppliers partially implemented their September 5¢/lb increases, according to RTi's Chesshier. "The market dynamics are on the side of processors with prices of key feedstocks dropping, including caprolactam, along with a balanced supply/demand situation." Chesshier anticipated that processors would seek price concessions in December, which would materialize by this month at the latest. Nylon 66 prices, after spiking by 25-40¢/lb in the first and third quarters of last year, continued to move up in early fourth quarter but stabilized thereafter, according to RTi's Kallman. Prices in the last two months of the year and into this month were likely to remain flat, with the possible exception of some processors hit with delayed price hikes. Relative stability was attributed to a drop in feedstock prices; the start of a general improvement in supply of both intermediates and resins, particularly in North America; a certain degree of conversion from nylon 66 to alternatives; and a global slowdown in automotive. Kallman saw some potential for the market to be more balanced as early as midyear. @plastechmag 49 Plastics Technology YO U R B U S I N E S S

Articles in this issue

Links on this page

Archives of this issue

view archives of Plastics Technology - JAN 2019