Freezing temperatures could lead to higher resin prices. By Frank Esposito
From the pages of Plastics News
Production of some resins and feed stocks is being affected by the freezing weather on the US gulf coast, which could lead to higher prices. Temperatures in the Houston area, fell below freezing the night of January 15 leaving several suppliers to reduce rates or shut down production units according to report from research firm ICIS Ethylene and propylene units operated by Formosa plastics corporation. USA in point comfort Texas were affected by the cold. The report said in an email to plastics news from Asa spokesperson Amy Blanchett Said the firm "does not comment on operational issues or plant status unless we anticipate a substantive impact on the marketplace." "We have procedures to address of your weather and implementing those procedures as necessary," she added "if we encounter any significant issues, we will release a statement with additional information." ...
Read the full story on Plastics News.com