High oil prices are impacting plastics markets in a variety of ways, and the combination of expensive oil and a strong dollar is quite unusual. Economics Editor Bill Wood goes into detail in an interview from the sidelines of the Injection Molding & Design Expo in suburban Detroit.
Also, we don’t usually see price hikes for PET bottle resin in the late summer and early fall, when drink demand typically slows down in North America. But senior reporter Frank Esposito explains that the latest increase isn’t really about supply and demand.
Wood will go into more detail on economic trends impacting plastics markets in our Sept. 26 Numbers that Matter Live. Sign up here.