The Indian government says it will ban scrap plastic imports, a move that threatens to further disrupt the U.S. recycling industry by closing a growing market.
Spot resin trading volumes eased back last week from the frantic pace seen during most of February, but the total tally was still above average, reports the PlasticsExchange (Chicago) in its weekly Market Update. Buyers continued to scoop up favorable polyethylene (PE) offers, while polypropylene (PP) processors only picked away as needed.
North American selling prices for PVC and polypropylene resins went in different directions in February, with PVC moving up an average of 2 cents per pound and PP decreasing an average of 1.5 cents.
An analysis of the broken ocean cleanup system that came apart in the Great Pacific Garbage Patch indicates material fatigue coupled with stress concentration from a weld caused a section of the high density polyethylene floater to crack and break.
ExxonMobil Chemical Co. plans to build a major new polypropylene resin unit in Baton Rouge, La., with annual production capacity of almost 1 billion pounds.