The 10 parameters that design engineers must keep front of mind when designing parts are predicated on one simple method for ensuring perfect molded parts — partnering with your molder.
Despite the Fourth of July weekend, participants still came to transact and closed a significant number of deals, as prices for polyethylene and polypropylene ticked higher.
Processors were again searching for very well-priced resin, but by the end of the week, most seemed to recognize that the stellar opportunities available just a few weeks ago were history.
Polyethylene (PE) prices moved higher in the spot resin markets, stifling some demand, which was also hampered by social unrest and large gyrations in the equity and energy markets.
Trade flow from both buyers and sellers was fluid last week and transacted volumes rivaled the average tally seen during the strong first quarter of 2020, reports the PlasticsExchange in its Market Update.
A $0.01/lb spot increase for most commodity-grade polyethylene (PE) and polypropylene (PP) resins last week was a small, yet meaningful, uptick compared to the much larger decline seen over the past couple of months, notes the PlasticsExchange.
Dow announced last week that it will idle three polyethylene plants for at least one month to help balance against lower demand and diminishing storage space. The PlasticsExchange expects other producers to follow suit.
