North American PE and PVC prices up; PS prices drop
CLEVELAND : The prices of certain grades of polyethylene (PE) and polyvinyl chloride (PVC) were up whereas those of polystyrene were down in North America during the month of February. The prices of certain PE non-film high density grades and rotomolding grades of low density were hiked by 4 cents. It should be noted that PE prices were hiked by 5 cents in January too.
A similar price hike of 4 cents is expected on other grades of HDPE, LDPE and LLDPE during this month. HDPE sales grew in US and Canada by 2.2% during the year 2012, whereas LLDPE sales dipped by around 2% during the year. Regional PVC prices saw hike of 3 cents per pound in February. It should be noted that the prices were unchanged during January. The prices of PVC are poised for a 2.5 cents each increase in March and April respectively. In comparison to 2012, the demand for PVC this year is estimated to be higher.
Regional PS prices have dropped by 2 cents per pound in February. It should be noted that the prices were unchanged ever since the 3 cent hike during 2012 end. Meanwhile, the net sales of PS in North America slipped 3.5% during 2012.