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Plastic Production
How might polymer production overcapacity lead to an extended period of low material prices?
Mike Boswell aka @polymerman explains how polymer producers aim to maximize profit by minimizing production costs. However, overproduction in a market with excess capacity may lead to lower prices and force less efficient producers to shut down.
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Turnover of Plastics Producers Down more than 20%
German plastics producers are in crisis. Both turnover and production fell significantly in 2023. Plastics Europe Germany is talking about the worst crisis in the industry's history. It is hoped that the planned Growth Opportunities Act and the circular economy will stimulate growth.
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