Thursday, October 29, 2009

More Plastics Bad News and Dirty Laundry Today

Man, this plastics industry stuff is a cesspool of bad news:

U.S. polypropylene prices fall 10 cents per pound in October
AKRON, OHIO (Oct. 29, 1:40 p.m. ET) -- It’s true that what goes up must come down -- but the North American polypropylene market is taking things to the extreme this year. Just a month after prices shot up an average of 12 cents per pound, they’ve plunged an average of 10 cents per pound since Oct. 1...

U.S. imposes duties on bags from Vietnam, Indonesia and Taiwan
WASHINGTON (Oct. 29, 11:40 p.m. ET) -- The U.S. Commerce Department has imposed antidumping duties ranging from just under 29 percent to just under 96 percent on imports of plastic shopping bags from Vietnam, Indonesia and Taiwan...

Court approves N.Y.'s expanded deposit law
ALBANY, N.Y. (Oct. 29, 12:10 p.m. ET) -- After several delays and a court challenge, the expansion of the New York bottle deposit program to include water bottles will go into effect Oct. 31, nearly five months after originally scheduled. New York is the third state this year and sixth overall to include water bottles in its deposit program...

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