Category
Market Forecast


July 2, 2020 News

Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 3: Polystyrene

by Canadian Plastics

Resin supply, demand and pricing during COVID-19 – A podcast series GUEST: Zachary Moore TOPIC: Resin supply, demand and pricing during COVID-19, Part 3: Polystyrene DESCRIPTION: In part three of our series, market expert Zachary Moore gives an overview of the North American

June 26, 2020 News

Pace of the decline in global auto sales “moderated” in May, report says

by Canadian Plastics

The latest Global Auto Report from Scotiabank says that a slow climb back has begun for global auto sales.

June 26, 2020 News

Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 2: Polypropylene

by Canadian Plastics

Resin supply, demand and pricing during COVID-19 – A podcast series GUEST: Zachary Moore TOPIC: Resin supply, demand and pricing during COVID-19, Part 2: Polypropylene   DESCRIPTION: In part two, market expert Zachary Moore gives an overview of the North American polypropylene (PP) market,

June 19, 2020 News

COVID-19 is hurting demand for PET, report says

by Canadian Plastics

Lockdowns and restrictions are dampening demand for PET in what should be a season of high demand, according to a new report from an analyst at ICIS.

June 18, 2020 News

Moldmakers predict 25% drop in revenue from original 2020 forecasts, survey shows

by Canadian Plastics

Die builders and die casters are expecting the most significant drop, the survey conducted by Harbour Results Inc. says, followed by stamping, molding, and mold builders.

June 15, 2020 News

Manufacturing sales see largest-ever drop in April: StatCan

by Canadian Plastics

The April decline was much deeper than many analysts had been expecting.

June 5, 2020 News

Chemical industry faces volatile backdrop on road to recovery

by Joseph Chang, Global Editor, ICIS Chemical Business

The coronavirus crisis may simply accelerate key macro trends already underway, creating a volatile backdrop for chemical companies to navigate on the road to recovery. Four key macro trends are shaping global discontentment: growing income inequality; the displacement of labour

June 3, 2020 News

Plunge in Canadian auto sales decelerated in May, Scotiabank says

by Canadian Plastics

U.S. auto sales also saw a smaller decline in May, according to Scotiabank’s latest Auto News Flash.

June 1, 2020 News

Global polyester production is expected to decline by more than half a million tonnes this year, report says

by Canadian Plastics

The knock-on effects will also hit global demand for polyester’s key raw materials paraxylene and PTA in the coming years, the new report from Wood Mackenzie said.

May 28, 2020 News

Small business confidence fell in May, CFIB survey says

by Canadian Plastics

Thirty-nine per cent of reporting manufacturing firms identified business health as bad.

May 26, 2020 News

Pandemic pauses North American plastics machinery shipments during first quarter

by Canadian Plastics

But a new report by the Plastics Industry Association does show increases in some areas.

May 22, 2020 News

OPINION: The chemical industry’s response to a crisis while in crisis

by Dean Curtis, president and CEO of ICIS

In recent months, it has never been clearer just how important and responsive this industry is when faced with a global health crisis.

May 14, 2020 News

Canadian small business confidence on the rise, but half are still in bad shape: CFIB

by Canadian Plastics

Severe operating challenges remain, but Canada’s small business sentiment improved in early May, according to new figures from the Canadian Federation of Independent Business.

May 14, 2020 News

Plastics and composites will maintain growth trajectory through 2020 despite COVID-19, report says

by Canadian Plastics

Despite the impact of the COVID-19 pandemic across industries, the demand for modular building materials and advanced admixtures will propel the construction chemicals segment, according to a new report from Frost & Sullivan.

May 14, 2020 News

Oil supply cuts could curtail 15% of ethylene supply in Middle East, analyst says

by Canadian Plastics

The potential loss is due to oil supply dynamics, according to new analysis from Wood Mackenzie, and equates to around 1.5 million tons of ethylene.

May 12, 2020 News

Barnes Group projects sales to drop more than 20% in Q2 for industrial units

by Canadian Plastics

The Bristol, Conn.-based company said first-quarter sales in its industrial businesses, which include its plastics-related units, automation, engineered components, and motion controls, fell 18 per cent to US$199.1 million.

May 4, 2020 News

Canadian auto sales plunged in April, Scotiabank says

by Canadian Plastics

And while provinces will gradually start re-opening on varying timelines in May, Scotiabank expects auto sales to remain weak throughout the second quarter.

April 30, 2020 News

European olefins production could recover in 2020 despite COVID-19, report says

by Canadian Plastics

The recovery could be due to lighter turnaround schedules and competitive naphtha prices making Europe’s steam cracker fleet more competitive, according to a new report from Wood Mackenzie.

April 17, 2020 News

China’s economy contracts for the first time on record

by Canadian Plastics

For the first time since at least 1992, China’s economy contracted as the COVID-19 pandemic brought economic activity in the country to a halt.

April 16, 2020 News

COVID-19 crisis boosts flexible packaging demand in U.S. and Europe, forecast says

by Canadian Plastics

Research firm Wood Mackenzie forecasts U.S. demand for consumer flexible packaging to increase by up to 10% this year, compared to 3% in 2019; and in Europe, demand growth could climb to above 5% this year.