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As Polyethylene and Polyproylene Prices Erode, Other Polymer Markets Rise
November 19, 2021

As domestic Polyethylene (PE) and Polypropylene (PP) prices have gradually come down in November alongside ample inventory and growing availability, setting up a potential decline for November contracts, other polymer markets are seeing prices increases for December due to a tight supply/demand dynamic.

Expandable Polystyrene (EPS) producer Epsilyte said today it will increase the price for all grades of EPS by $0.05/lb, effective December 1, or as contracts allow. The company said increasing cost pressure felt throughout the supply chain, including raw materials and freight, necessitated the price initiatives.

The increase by Epsilyte follows recent price hikes announced for specialty chemicals and polymers earlier in the month.

Last week, Sekisui Specialty Chemicals announced a price increase on some of its products, used in paper, adhesive, packaging, construction, and personal care industries. The company said it would increase the price of its Selvol Polyvinyl Alcohol, Selvol Ultiloc, Selvol Ultalux, and Selvol Premiol products, effective December 1, or as contracts allow.

The Selvol products will increase from $550/mt in North America, Latin America and Asia, and will increase from EUR 500/mt in EMEA.

In other polymer markets, Covestro has a batch of increases ranging from $.10-.20/lb, effective December 1 on for various Polycarbonate and Polycarbonate/Acrylonitrile Butadiene Styrene (PCABS) products.

Sabic also has December increases in North America and Europe of $.35/lb on ABS and PCABS products and $.16/lb for its Valox resins effective for December 6.

Unlike the PE and PP, production for other resin markets was harder hit following Hurricane Ida in late August / early September. For polymers such as Polyvinyl Chloride (PVC), as much as 60% of production capacity was impacted, and producers are still working to return to normal operating rates. Strong demand, production issues and high freight costs for imports have also impacted the US Polyethylene terephthalate (PET) market, which is expected to see higher pricing into 2022.

By Brian Balboa for The Plastics Exchange.


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