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Strong demand and substantial completed volumes in the spot resin markets last week led to inevitable rising prices as supplies thinned. Two major storms developing in the Gulf of Mexico prompted another wave of resin buying and price hikes.
Chemetry’s eShuttle technology produces high-purity ethylene dichloride (EDC), a chemical used primarily for PVC production, at a significant reduction in power consumption and production costs compared with existing techniques.
It would have made sense to pause the trade war to deal with the COVID-19 issues, said Gerald Commissiong, CEO of Todos Medical. “The reality is we needed a lot of stuff we didn't get . . . and right now [China] is still the only game in town.”