Nothing against materials makers in general, because it's been a tough year for them too and I'm sure they are taking action to control their costs, but I'm pretty sure that processors are ready to start their own version of New York's The Rent Is Too Damn High Party.
(Yes, that's a real political party, not just an internet meme.)
We've written a lot about the soaring costs of resin in North America. Frank Esposito has a new story on the latest increases for both commodity thermoplastics and engineering materials.
The story is similar in Europe, where tight supplies, rising demand, unplanned outages and shipping issues are continuing to drive the story in resin pricing there.
For example, high density polyethylene prices have risen by 350-400 euros ($423-484) per metric ton for European buyers. Polypropylene is up 450-550 euros ($544-665) per tonne.
"Some processors have struggled to find the volume of material that they need while others have been unable to finance deals at such high prices," David Platt writes in Sustainable Plastics. "Others have already announced short-time work due to raw material shortages."