Webb Evans and Associates

PE and PP markets appear poised for a correction

From “Lower prices ahead for PE, PP resins as supplies improve” (Plastics News): After more than a year of increases, prices for polyethylene and polypropylene resins are expected to trend downward. Market analysts Nick Vafiadis and Joel Morales of IHS Markit gave their outlooks for PE and PP markets Oct. 27 as part of the…More

Auto partnership wants new plastic exterior parts

From “Plastics bring solutions in auto lighting, exteriors for autonomous cars”: The automotive industry needs new concepts to meet optical and physical requirements for exterior parts, as signaling and communication become important aspects for a move toward automated driving. Auto suppliers Marelli and Samvardhana Motherson Automotive Systems Group have formed a new partnership to integrate…More

Bloomberg columnist and professor of economics at George Mason University on the supply chain breakdown: …some key nerve centers of the world economy have been hit by a mix of Covid and bad luck, especially in the latter part of this year. Transportation, energy and high-quality semiconductor chips all are experiencing big problems at the…More

Consolidation’s big impact on the rotomolding sector

From Consolidation has the biggest impact on rotomolding sector (Plastics News): With combined sales of more than $2.6 billion for fiscal 2020, 107 firms made the ranking this year. That’s up 3.5 percent vs. 2019. The average sales per company was $23.9 million, that’s up 10 percent. Proprietary molding makes up the biggest share among…More

Pacific Supply Chain Updates

Bloomberg reports: …all inbound and outbound container services at the Meishan terminal in China’s Ningbo-Zhoushan port were halted Wednesday until further notice due to what was described as a “system disruption.” The local government said an employee tested positive for coronavirus. […] Even short suspensions in services at major ports like Ningbo can have wider effects on…More

Cargo-handling robots from three US companies

From “The last pieces of warehouse automation will soon be in place” (The Economist): The robotics division of Honeywell, a large American technology company, has come up with a vehicle-sized unit that fits onto the back of a lorry. It has a large arm fitted with suction cups which can pick up several boxes at…More

Why Trilogy Plastics was acquired by Myers Industries Inc.

From “Myers plans network of rotomolding plants” (Plastics News): A potential capital gains tax increase was the “tipping point” for Stephen Osborn’s decision to sell rotational molder Trilogy Plastics Inc. to Myers Industries Inc. In an Aug. 6 phone interview, Osborn said he “was looking for the right combination to take forward the vision that…More

PE and PP prices up in June

From “North American resin prices on the move in June” (Plastics News): Regional prices for all grades of PE were up an average of 5 cents per pound for the month. Makers of high density PE were attempting to add another 2 cents to that total, but that increase had not gone through to most…More

From More resin price changes reflect high demand, limited supply” (Plastics News): Regional prices for all grades of PE were up an average of 5 cents per pound for the month, according to buyers and market watchers contacted by Plastics News. Makers of high density PE were attempting to add another 2 cents to that…More

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About Webb Evans and Associates

Webb Evans and Associates is a trade association management group, offering solutions that are cost-effective and innovative to help manufacturing and distribution associations grow. We embrace new technology, stay ahead of current trends, and always put our clients first. Learn more about our company.