NORTH AMERICA & GLOBAL PLASTIC RESINS

ENGINEERED & COMMODITY RESINS CURRENT MARKET PRICES:

Market Prices Effective July-August 2022

( North America Market Commodity Resins Rail Car Price Reference )

(Packaging additional Cost approx. USD0.04-0.05 per pound.) &

( ABS, PC, PET (Polyester), PBT, Acetal, NYLON 6, NYLON 66, PEI GLOBAL MARKET TRENDS )

The Year of 2022:  Prime Resins Prices hike

PE prices in Mid July into Aug. Increased USD0.03 per pound. In the end of July, But resins supply were tight! Due to the Global Petrochemical price hike.

PP suppliers announced an increase by USD0.03 per pound in the end of July.

Polystyrene GPPS & HIPS resin prices another increased by USD0.09 per pound for the month.

PVC August Price decreased slightly.

PET (Polyester) Resin Price bottle grade Resin another increased as expected  in Mid July into Aug. PET prices Jumped USD 0.12 - 0.14 per pound. due to the higher prices of Paraxylene for feedstock PTA.  Resin Suppliers are still seeking price increase.

Note:  PET (Polyester) exports demands are high and strong from North America

Due to the current Petrochemical "Crude Oil" Global Price hikes:

ABS Prices Moved Higher; increased by USD0.49/Lb., as of June-July 2021, Suppliers were seeking an USD0.08 per pound for Sept.

PC Prices Moved Higher; increased by USD0.48/Lb., were on the upward trajectory by Sept. Suppliers price increases USD0.15 to USD0.20 per pound in May. due to the supply/demand imbalance. Demand remains strong. There is a potential for a price hike in the fourth quarter.

Nylon 6 & Nylon 66, As of June-July 2022, Prices hike mostly due to the global feed-stocks prices of Benzene and Caprolactam rose to all-time highs this year. With additionally logistics cost issue.

Nylon 6  As of June-July 2022, Price moves up every month. Mid March price moved up due to the current Global Situation.

And Due to the supply/demand imbalances. U.S. Domestic & Global demands have been very strong plus rise in freight costs. Some processors were told that they will not get material until the end of 2022.

There is a potential  for another increase in Sept-October.

At the present time demand is very strong U.S. domestic processors. Every pound of resins came in and moved immediately with the current prices hike.

Nylon 66 As of July - Aug, 2022, Prices moved up by USD0.57/Lb the second quarter.

Suppliers are seeking further increase in the fourth quarter

Comments:  2022 Resin Prices hike is compounded;  On top of the Current Crude Oil hikes, petrochemical price, Feed-stocks price, key-additives price, logistics-freight price, especially the to & from Asia markets. limited production capacity from Feed-Stock Mfrs. It is a chain reaction/domino effects.

We can feel the pain of the processors, they need the resins to run their production lines, they can not lay-off those skill workers. It is a big headache we all are facing.

Recycled polymers:  Commodity plastic prices also following the N.A. & Global Resin price hike, on repro pellets, regrinds and scraps. Prices increased vary from processors and traders. 

Global Logistics & Domestics Logistics have hit Domestics Market due to the Fuel Prices hike. And the Current Global Situation, Exporters Vessels were limited, Ocean Vessels Availability were the big issue in the past two months. Vessel availabilities are limited and Rail-intermodel contracts are limited to hand full of Ocean Carriers in the month of June, July and perhaps into August.