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Resin prices continued downwards last month

In September, European standard thermoplastic prices continued to drift downward following an across-the-board reduction in feedstock costs. Polymer producers attempted to hang onto as much of the cost reduction as they could in order to bolster their profit margins. Buyers however managed to gain further concessions with prices in all polymer classes, except, polystyrene, falling by less than the cost relief. ...(more)
Benecke-Kaliko is set to build its second Chinese facility in Changzhou, to produce surface materials for automotive interiors. The German company, which is a subsidiary of ContiTech, said the investment would be almost €40m for the first phase of the expansion, making it the largest investment in the company’s history. ... (more)

Hexcel is investing $250m (€199m) on a new carbon fibre plant in France, in order to supply material for the future Airbus SAS A350 XWB and for Safran Group's CFM Leap engine. The new site in Roussillon, France, will include new precursor and carbon fibre lines along with quality control laboratories and offices. ... (more)

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Global Closure Systems said the Diamond cap was easy to use for consumers, while the headstand pack option ensures the contents can be dispensed and accessed more easily and efficiently “to the last drop”.
 
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Plastics News' Editor Donald Loepp discusses weekly events and other factors impacting resin pricing and resin price futures.


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