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After California Gov. Gavin Newsom ordered the state to redo its EPR rules, companies have jumped in with specifics. One ask: Letting them tap a $5 billion plastic pollution fund to support greener packaging.
Prices for two major commodity resins — PVC and polystyrene — increased in North America in March, while polypropylene prices declined. Polyethylene and PET bottle resin prices held steady.
In March, North American polypropylene resin prices fell amid weak demand and abundant supply. In contrast, polystyrene prices rose despite flat benzene feedstock costs.
There's plenty keeping the automotive industry up at night, but when it comes to concerns, tariffs are typically top of mind, says Kristin Dziczek, a policy advisor with the Federal Reserve Bank of Chicago. "The big concern I have right now is for suppliers,"
Midway through plastics industry executives' day walking the halls of Capitol Hill, President Donald Trump announced he was suspending for 90 days many of the wide-ranging tariffs he had announced a week earlier.
Automaker Stellantis North America officials are telling suppliers that the automaker will cover their tariff costs as long as they are taking measures to mitigate exposure.
The report from the U.S. Trade Representative comes as President Donald Trump prepares to announce a new round of tariffs, suggesting plastics-related areas that could get more attention in the administration's trade agenda.
Jon Husby, CEO of the Grand Rapids, Mich.-based Adac, said the deal "supercharges" the company's ongoing diversification strategy by tapping into more Tier 2 automotive business while accessing more non-automotive customers.
North American commodity resin markets were surprisingly quiet in February, with only two materials seeing price increases.
North American suspension PVC resin prices ticked up slightly in March as buyers prepare for the upcoming construction season.