Mel Ettenson’s Global Plastics News
IAPD is pleased to welcome Mel Ettenson as a guest columnist each month in the IAPD News offering unique content for IAPD members.
The column below is only a sample of the Global Plastics News. If you are interested in learning more about the entire publication, visit www.globalplasticsletter.com.
THE GLOBAL ECONOMY:
Is Europe finally recovering? It seems so, but despite recent agreements for greater unification on fiscal and banking as well as an interest rate cut by European Central Bank, economies are shrinking or sluggish. Persisting are disparate problems with no real central solution. The effects on North America will continue to be felt. Falling inflation continues and some concern about deflation in China is appearing in the global financial community. Corporate profits are slowing as the political and fiscal pressures weigh heavily on many industries.
What a difference a year and month make. Energy prices are down as demand lessens after a long slog to influence global consumption. However, uncertainty in Egypt and Libya still can affect longer tern price spikes.
Prices continue to decrease as inflation is a non-factor at this insertion point in the cycle. Volatility abates as middle-east tensions lessen and demand lessens, while supplies are stable. Selective feedstock inflation can still impact ETP prices.
Evonik Industries AG plans to build a nylon 12 plant in Singapore. It's expected to come on-stream in 2014 with 45-million pound capacity. PPG starts commercial production of Opticor, a laminated acrylic/glass stretched for use as aircraft windows which is being used on Gulfstream G650 business jet.
A recent market research report by Markets and Markets estimates the global market for PMMA products, sheet, resin and pellets to be US$9.7 billion by 2017. Asia-Pacific accounts for 40 percent of the total, while signs and display markets account for more than 35 percent globally. Most industrial distributors are reporting continued double-digit sales increases in the second quarter of 2012. Plastics distributors feel some slowing to single-digit revenue growth in the third quarter. Manufacturing is expected to continue to grow in 2012.
About Mel Ettenson
THE GLOBAL PLASTICS LETTER is a quick, highly informative plastics newsletter - to the point and timely enough to act on. In just four pages it packs relevant news, information and insights, with a primary focus on sheet, rod, tube and film, plastic semi finished shapes, plastic basic shapes, semi-finished plastics, plastic sheet rod tube and film. The newsletter covers pricing trends, market moves, new and upcoming products and services in the plastics industry.