I sell plastic processing equipment. In the last year several of my customers have complained about the lower cost of plastic resin offshore.
One of my customers makes cutting boards out of polypropylene and says his supplier in Taiwan can buy virgin resin 19 cents per pound cheaper. Another customer can buy the same product offshore, delivered to his plant, for less than he pays for resin.
My theory, based on 35 years of experience in this industry, is that the resin manufacturers dump their excess inventory offshore at prices below what they sell the same product here in the states. We are losing manufacturing jobs in the country because of these practices.
What is your theory?