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Article: Hurricane Katrina whips up prices.(Your Business: Pricing Update)
- Article from:
- Plastics Technology
- Article date:
- October 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Gardner Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* The aftermath of Hurricane Katrina is still blowing through the plastics market, as storm damage restricts production and transportation of crucial feedstocks like ethylene and propylene. Suppliers rushed through price hikes on polyolefins and PET bottle resin last month, and more increases are already in the pipeline. Higher prices for PVC and PS are probably not far behind.
Disrupted power and other utilities, plus delays in rail, truck, and marine transportation, caused temporary shutdowns of feedstock facilities on the Gulf Coast, some of which were still operating at reduced rates in mid-September. Some PET and polyolefin plants also shut down temporarily. ...