Abstract

The notable prosperity in most of the U.S. plastics business in the current, possibly aging, business expansion finally has caught up with some of the important organic chemicals used to make plastics. As the summer progresses, producers of three important plastics monomers—styrene, vinyl chloride, and propylene oxide—all enjoy rising demand dating back to early spring. Selling prices of these monomers strengthened during the last part of the second quarter. Price increases for one monomer, styrene, took effect July 1. Production magnified the actual demand increase because of some inventory building in the product chain downstream. Can these better times last? For a while, seems the most common, conservative answer in the industry. The outcome depends as never before on how the general U.S. economy performs later this year and in 1979. Because the monomers are made into polymers whose eventual uses cover many major consumer markets, what the consumer buys now largely determines the ...

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