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Lower prices ahead for PE, PP resins as supplies improve
After more than a year of increases, prices for polyethylene and polypropylene resins are expected to trend downward. Market analysts Nick Vafiadis and Joel Morales of IHS Markit gave their outlooks for PE and PP markets Oct. 27 as part of the online Global Plastics...
Port of LA/LB “EMERGENCY FEE” SURCHARGE
In reaction to the ongoing historic container port congestion, the Biden Administration announced on October 25th that effective November 1, 2021, the ports of Los Angeles and Long Beach will begin charging an “emergency fee” on all long dwelling cargo. The fee will...
ALERT: Port Congestion Update
The port congestion at LA port has worsened and is currently at a record high of approximately 100 ships sitting at the horizon forming a line of vessels. On average there would typically be about 17 ships at anchor during pre-pandemic times, however, the recent rise...
There Is No Shortage of Reasons for the Broken Supply Chain
A combination of Covid and bad luck has contributed to a complex mess that has no parallel in recent economic history. The bad news is that the world’s supply chain problems are more persistent and more severe than previously realized. The worse news is that there is...
KORTRAX®: Safe Packaging Alternative to Fluorination
On 1/14/21, the EPA issued an announcement regarding PFAS contamination in pesticide containers (https://www.epa.gov/newsreleases/epa-takes-action-investigate-pfas-contamination). And, on 12/3/20 NYS banned the use of fluorination in food packaging...
ASSESSING THE HEALTH OF YOUR SUPPLY CHAIN
SUPPLY CHAIN NETWORK EVALUATION ASSESSING THE HEALTH OF YOUR SUPPLY CHAIN Is your business the same as it was five years ago, or even three years ago? If your company is like most, your suppliers, customers and even your product offering have changed over time. As a...
Washington to require all plastic packaging to have 30 percent recycled content by 2030
Plastics industry takes on a government message to ‘step up' on waste Washington — After the Save Our Seas 2.0 marine pollution legislation was signed into law late last year, two key lawmakers who led its passage through the Senate had a clear message — industry...
Investing $1M to lobby against a resin tax in Washington
Washington — The debate in Washington over a potential tax on virgin resin is heating up as industry, environmental groups and congressional Democrats have stepped up campaigns around what would be the first federal fee on single-use plastics. An industry coalition of...
PVC, PP prices on the move in September
North American PVC resin prices saw a small increase in September, with regional polypropylene prices down slightly and prices for all other commodity resins flat for the month. Suspension PVC prices moved up 2 cents in September after a similar hike in August. Prices...
Factories across China ordered to conserve electricity or shut down
SUPPLY CHAIN ALERTS The China Government has implemented very strict electricity usage control which seriously impacts the production of many factories in China. Power rationing and forced cuts to factory production in China are widening amid electricity supply issues...
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