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 Industry NewsAutos and Light Trucks Sales Jumped in March – Transportation End-Market Outlook in 2021 is BrightApril 8, 2021 Auto and light truck sales rose a solid 12.6% in March from February. It was a 56.2% jump from March last year. Of the 17.75 million units of light vehicles sold in March, 78.2% were light trucks and 21.8% were autos. The last time the U.S. saw auto and light trucks sales at this level was in May 2004 – light vehicle sales were 17.76 million units. |
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Industry News
Resin Prices to Stabilize, Plastics Industry Outlook Positive in 2021
April 1, 2021 Despite the complications presented by adverse weather and COVID-19, the fundamental market dynamics for plastics remains strong. The plastics industry’s outlook for 2021 is positive. As the resin demand and supply gap closes, upward price pressure should eventually dissipate. -
Sustainability
Battle of the Bottles: Plastic Beats Glass and Aluminum
March 29, 2021 An estimated 651,800 Americans work in plastic bottles, laminated plastics plate, and sheet manufacturing, according to the Bureau of Labor Statistics. A plastic bottle ban would put all those jobs in jeopardy. Producing more glass and aluminum would also raise greenhouse gasses and global warming. -
Future Leaders
Continuing Education Opportunities for Young Plastics Professionals
March 26, 2021 As chair for the Future Leaders in Plastics (FLiP) Continuing Education Task Force, Kylee Carbone of Westminster Tool is looking forward to expanding FLiP's offerings and increasing membership. -
Industry News
U.S. Plastics Trade Shows Unusual Deficit in 2020
March 16, 2021 After many years of an annual trade surplus, U.S. plastics trade experienced a deficit in 2020, as the global economy slowed due to the COVID-19 pandemic. -
Industry News
China’s Import Ban of Recyclable Plastic Materials Generated Trade Surplus
February 1, 2021 In January 2018, China banned the import of recyclable plastics and other materials, which defined in the Harmonized Tariff Schedule (HTS) are broadly classified as waste, parings and scrap of plastics. In 2018, China's imports of recyclable plastics (HTS 391510, 391520, 391530, and 391590) decreased to 51,605 tons from 5.8 million tons in 2017. A year after the ban, China's imports decreased further to 924 tons—a 98.2% decline. -
Industry News
US-UK Free Trade Deal Will Benefit Plastics Trade
January 26, 2021 While a free trade agreement between the US and the UK will benefit both countries, how important is the UK as a US plastics trade partner?