Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 3: Polystyreneby 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…
Pace of the decline in global auto sales “moderated” in May, report saysby Canadian Plastics
The latest Global Auto Report from Scotiabank says that a slow climb back has begun for global auto sales.
Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 2: Polypropyleneby 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,…
COVID-19 is hurting demand for PET, report saysby 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.
Moldmakers predict 25% drop in revenue from original 2020 forecasts, survey showsby 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.
Manufacturing sales see largest-ever drop in April: StatCanby Canadian Plastics
The April decline was much deeper than many analysts had been expecting.
Chemical industry faces volatile backdrop on road to recoveryby 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…
Plunge in Canadian auto sales decelerated in May, Scotiabank saysby Canadian Plastics
U.S. auto sales also saw a smaller decline in May, according to Scotiabank’s latest Auto News Flash.
Global polyester production is expected to decline by more than half a million tonnes this year, report saysby 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.
Small business confidence fell in May, CFIB survey saysby Canadian Plastics
Thirty-nine per cent of reporting manufacturing firms identified business health as bad.
Pandemic pauses North American plastics machinery shipments during first quarterby Canadian Plastics
But a new report by the Plastics Industry Association does show increases in some areas.
OPINION: The chemical industry’s response to a crisis while in crisisby 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.
Canadian small business confidence on the rise, but half are still in bad shape: CFIBby 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.
Plastics and composites will maintain growth trajectory through 2020 despite COVID-19, report saysby 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.
Oil supply cuts could curtail 15% of ethylene supply in Middle East, analyst saysby 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.
Barnes Group projects sales to drop more than 20% in Q2 for industrial unitsby 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.
Canadian auto sales plunged in April, Scotiabank saysby 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.
European olefins production could recover in 2020 despite COVID-19, report saysby 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.
China’s economy contracts for the first time on recordby 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.
COVID-19 crisis boosts flexible packaging demand in U.S. and Europe, forecast saysby 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.