
News Digest 7/2/2018

Weekly Resin Report: Spot polyethylene prices drop by as much as $.02/lb
The Plastics Exchange Market Update 6/22/2018
Carolina Color adds capacity at Ohio facility
Mitsui plans POE/POP plant in North America
June price jumps for PP and PET (behind paywall)
Evonik cutting 1000 jobs (behind paywall)
EU to investigate purchase of Solvay’s nylon business by BASF
US Department of Commerce issues anti-dumping duties on PET from several countries
SABIC introduces new line of Ultem PEI for electronics components
LyondellBasell receives US Antitrust clearance for purchase of A. Schulman
News Digest 6/25/2018
Nylon 66 Supplies Are Tight And Expected To Remain So

If you have not already seen price increases on nylon 66, you will soon. Nylon 66 is in tight supply and prices are increasing anywhere from $.10-$.50/lb depending on the grade.
There have been seven force-majeures declared on nylon 66 in 2018. The shortage is being caused by a shortage of adiponitrile (ADN) which is an ingredient used to make nylon 66.
Believe it or not, some of the reason for the shortage stems from Hurricane Harvey which hit the Texas gulf coast in August of last year. There are only 4 plants in the world that make ADN. Two of the plants are on the Texas gulf coast and they both went down before the hurricane hit. These plants don’t just turn back on with a switch, it takes a lot of time to get them started back up and up to full production.
The other factor is increasing demand for nylon 66. This is partly because of the improved US economy and partly because of light-weighting efforts being carried out by the auto industry which is causing a lot of parts that were previously make of metal to be switched to lighter engineering thermoplastics like nylon.
At some point, reduced supply and increased demand clash and unfortunately, we have passed that point.
It will likely take several years for more supply to come on line, in the meantime expect higher prices and longer lead times.
One option that some processors might explore is switching to nylon 6. Nylon 6 has reduced heat resistance but has higher impact and better surface appearance. Nylon 6 supplies are not great either but it is not as tight as 66. I have not seen any nylon 6 price increases this year as of yet. If a lot of people switch their nylon 66 applications to 6, we could see supply become very tight on 6 as well.
News Digest 6/18/2018

Weekly Resin Report: Polypropylene market sees one of its best weeks of the year
The Plastics Exchange market update 6/8/2018
LLDPE prices drop, HDPE and LDPE flat
A. Schulman shareholders approve Lyondellbasell purchase
Lyondellbasell confirms talks with Braskem
Braskem introduces new PP line for thermoforming
News Digest 6/11/2018
News Digest 6/4/2018

Weekly Resin Report: Polyethylene producers fail to implement $.03/lb increase on May contracts
The Plastics Exchange Market Update 5/25/2018
SABIC introduces formable PC sheet for glazing applications
PP & PET prices up, PS down for May
Lyondellbasel reportedly offered $11.4 Billion for Braskem in February but talks stalled in May
Expert warns of major PET shortages to come in Europe
News Digest 5/29/2018

Weekly Resin Report: Transactions rebound as industry returns from NPE2018
The Plastics Exchange market update 5/18/2018
Kraiburg introduces new line of TPE’s for outdoor industrial applications
Studies question the efficacy of biodegradable plastics
SABIC debuts new soft touch polypropylene grades aimed at automotive interiors
Lyondellbasell rumored to be mulling offer for controlling stake in Braskem
April was a calm month for resin pricing
M. Holland to distribute 3-D printing filament for Owens Corning
Total, Borealis and Nova Chemicals finalize major US joint venture
News Digest 5/21/2018

Weekly Resin Report: Polypropylene prices creep up, with additional gains on the horizon
The Plastics Exchange market update 5/11/2018
Carolina Color receives patent for new colorant technology
Asahi Kasei introduces new line of glass fiber reinforced PP
Struktol is developing additives to control odor and VOC’s in plastic parts
Abu Dhabi National Oil Co. and Ravago to build joint compounding plant in UAE
Total continues olefin expansion with Algerian deal
PE scrap exports down to China, up to Vietnam

