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USA:Polypropylene, PVC, nylon resins prices moving up |
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2005-3-22
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The past few weeks have seen a continuous rise in the Polypropylene (PP), Poly Vinyl Chloride (PVC) and Nylon prices for North America.
The global crude markets have seen price breech of $55 per barrel in recent weeks, as a consequence, the raw material prices remained high with a relatively stable demand for petrochemicals.
However, January witnessed slow down in the demand of PP compared with late 2004, but propylene monomer prices shooting up assisted helped part of a price rise succeed.
During 2004, price rise in PP recorded almost 7 percent rise in the US and Canada with domestic demand showing a jump of nearly 6 percent. PVC prices rose at an average of 3 cts/lb since Dec 2004.
Producers are still trying to get a remaining January 1, cent in Feb and a 2 cts/lb rise is on the table for March 1, US/Canadian domestic PVC sales were up nearly 7 percent in Jan-Nov 2004.
Nylon prices pegged up slightly up by 5 cts/lb in fourth quarter last year, but analysts say it will remain put for some more time, as a dampening North American automotive market kept US and Canadian demand almost stagnant in 2004.
Finally, the nylon market growth overall for in Jan-Nov 2004 was not even 1 percent. |
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