US durable goods orders unexpectedly decline in Nov
US orders for durable goods declined 0.7% in November following a 0.3% increase reported in October. Orders for transportation equipment declined 1.2% in November after an increase of 3.3% posted in October while orders for defense aircraft and parts were down 7.8% after reporting a 43.5% gain in October.
Meanwhile, the Commerce Department also reported that the country’s durable goods orders excluding orders for defense-related items decreased 0.1% in November.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Asian PS, ABS markets remain weak on rising trade tensions
- Spot styrene sharply down in Europe and Asia
- Expectations soften for PP raffia, fibre yet to follow in Turkey
- Will PE supplies from China flock to SEA?
- LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe
- Intensifying trade war adds to bearishness in China’s local PP, PE markets
- PET prices hit multi-month lows in Asia and Europe
- Rising momentum fizzles out in European PS, ABS markets
- European PVC offers to Turkey shrug off higher costs
- Asian PVC players hold firm expectations for June