Activity in the spot resin markets slowed down the final week of August, though there were some good spurts that helped solidify a strong month in terms of trading and volume, reports the PlasticsExchange (Chicago) in its Market Update.
The overall polyethylene (PE) market could continue to move lower, as material slated for China seeks to find new homes because of the 25% Chinese tariffs and upstream inventories swell further, according to the PlasticsExchange (Chicago).
The 25% Chinese tariffs on high-density polyethylene (PE) and linear-low-density PE, which are scheduled to be implemented on Aug. 23, have really begun to disrupt the market, particularly in Houston, the major resin export hub.
Milliken and Co. (Spartanburg, SC) is featured in the first installment of a series centered on a proliferation of polyethylene and polypropylene resin and additive products for packaging from major suppliers.
A major fire broke out on July 15 at the Altamira, Mexico, PTA plant of chemicals manufacturer Alpek (San Pedro Garza García, Mexico). The conflagration could have a significant impact on PET resin production.