The article focuses on the decline in prices of plastics in the U.S. in 1963 at a time of increasing production and demand. The price cuts have been attributed to overcapacity and intense competition. Polystyrene and high-density polyethylene are facing vicious price-cutting and over-capacity. Production of polyethylene is still ahead of demand although its use continues to grow. Plastics producers are looking for ways to restore profit margins in an effort to halt further erosion of earnings.
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