Industry Indicators

• US nondurable goods manufacturers’ shipments of chemical products, an indicator of demand for plastic resin and synthetic fibers, rose 5.4% year-to-date in November 2018 compared to the same period in 2017.
• The spot price of crude oil, a key raw material in plastic resin and synthetic fiber manufacturing, fell 13.7% in the week ending February 8, 2019, compared to the same week in 2018.

Posted by Jim Zipurski.

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