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June 17, 2020 - Recycling Product News

APR in the News

Plastic resin production expected to decline by about 10% through 2020 due to impacts of coronavirus

In the global plastics sector, COVID-19 has had great affect on both primary producers and scrap recyclers, causing an overall depression in prices since March. Both plastics and petrochemical markets continue to be impacted negatively by the economic downturn caused by the coronavirus pandemic, especially in the oil & gas sector.

The Institute of Scrap Recycling (ISRI) virtual spotlight on plastics, held June 11, featured veteran plastics industry speaker Dr. Thomas K. Swift, Chief Economist and Managing Director of the American Chemistry Council (ACC), who focused on current market trends from the perspective of primary producers. The second speaker, Scott Saunders, GM of KW plastics, board member of the Association of Plastic Recyclers (APR) and ISRI's vice chair of plastics, focused on the scrap recycling side of the equation. 

Read the full article from Recycling Product News.