NEWS

Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers. The price for a container of goods from China to the U.S. West Coast and European ports has hovered...

Strong demand and tight supplies of commodity resins have continued, sending prices for most materials up since March 1. Resin makers in the region are working to recover from Winter Storm Uri, which knocked out production at many resin and feedstock plants in Texas...

Empire Stock Open Order Report 3-15-2021

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Resin shortages are affecting North American processors as materials makers look to recover from the February ice storm that hit the Gulf Coast. Most resin makers have warned customers and placed force majeure sales limits because of their inability to produce at full...

Want to increase your bottle’s recyclability as much as possible? Review these best practices that will maximize the sustainability of the packaging. Barb Balyeat | Mar 08, 2021 In the path to creating packaging components that can be recycled, many brands fail to...

From “Logjam at Sea as Virus Roils Global Trade” (New York Times): “I’ve never seen anything like this,” said Lars Mikael Jensen, head of Global Ocean Network at A.P. Moller-Maersk, the world’s largest shipping company. “All the links in the supply chain are...

From PP prices take record leap (Plastics News): Polypropylene resin prices took what may be a record jump in February, catapulting up by 34 cents per pound in North America. That increase comes on top of PP prices already up a combined 27 cents in December and...

Prices continued to climb, sometimes twice per day, and by the end of the week, average spot polyethylene prices had tacked on $0.10/lb, while polypropylene shot up another $0.12/lb. PlasticsToday Staff | Mar 02, 2021 The resin market’s wild ride got even hairier last...

We have seen a rapid escalation in resin and metal costs affecting the full range of products across the industry. Costs for many of the materials and supply resources have increased more than 10%-15%, well above normal inflationary changes, and may increase more in March.