Mexico City / 08/27/2021 21:32:31
The National Association of Plastic Industries (Anipac) reported that in 2020 at least 6 million 933 thousand tons of resins were consumed in Mexico, of which one million 372 thousand tons corresponded to Polypropylene (PP) and 1 million 202 thousand tons to high density polyethylene (HDPE).
During the eighth raw materials forum “Global panorama of the resin market 2022”, The president of the Anipac, Aldimir Torres affirmed that resins with recycled material amounted to 4 million 456 thousand tons, in which, the PET represented one million 399 thousand tons and the HDPE 793 thousand tons.
The president of the association said that the production of resins without recycled material totaled 3 million 416 thousand tons, distributed in turn in 973 thousand tons of PET, 580 thousand of HDPE and 451 thousand tons of polypropylene.
Aldimir torres recalled that almost half of the consumption and production of plastic materials in Mexico It is of useful articles for a short period, a situation that is repeated globally, for which it endorsed the association’s commitment to turn this paradigm 180 degrees.
For his part, the executive director of Plastics of North America IHS Markit, Terry Glass, specified that for five months the prices of polypropylene and polyethylene have been on the rise both in Europe like in USA, while in Asia they are going downhill.
“In Southeast Asia we are seeing a drop in the price of between 8 and 8.5 cents; Meanwhile in Europe the increase is up to 11.8 cents. Given this scenario, it is necessary to think about what is happening and if it will be a change in the short or medium term ”, he said.
While on the increases to resins in USAHe explained that they have been up to 57 percent, an unprecedented situation, since the increases have been located since January at 43 cents per month, approximately. He recalled that along with the reactivation of activities, the start of new projects to ban single-use plastics could also be observed.
MRA
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source https://pledgetimes.com/consumption-of-resins-in-mexico-reached-6-million-tons-in-2020/
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