EndlessWaltz
Cast Iron
- Joined
- Jun 18, 2016
- Location
- Midwest
FIRST OFF: This is not a political thread. This is not pros and cons of the current president of USA.
Things I think need clearing up that I do not know(Because I can admit I don't know things)
1) NAFTA- What's going on with this currently. Trump supposedly held meetings with Japan and China too recently in regards to trade deals.
2) Can stock market be trusted because of everyone wanting to get on the Trump train to early? Is his "friends" he met through the years really pulling the strings to purposely swing the market in his favor to show he is doing a good job? Why I say this is that small business loans have actually dropped which may show that we are all being careful and hesitant still.
3)Closer to heart, most machine castings are made in Taiwan or South Korea...so how will this affect pricing and delivery?
The reason I bring this up today is I am seeing a huge trend in the plastics industry of drastic pricing increases that haven't been seen in a long time. Supply and demand. I have heard it's a resin shortage blamed on the Chinese New Year. I have heard the distributors are perhaps covering their a$$ early for a rise in tariffs so we are not surprised with a 50% price increase a year from now..so they are doing it incrementally. A spin off of this is that they actually may believe the market may crash later and bring prices down, so covering a$$ now. There is only one manufacturer in the US that makes their own resin that I am aware of. Also maybe chemicals used in the resin of plastics may come out of China anyways so no matter.
The iron ore mines up this way are ramping back up so unsure if that will influence anything on that market.One new mill being built is on standstill due to bad investors or something. Steel market was supposedly flooded a year+ ago with chinese steel which most of us know. I may dispute this because I myself didn't see proof, and in the 80's USA wood guys were saying we were being flooded with Canadian timber which didn't really hold up(pun intended)
RECENT TRUE STORY: Salesman comes into a 4th generation family owned company he has done business with for at least a decade selling the package(box) that the finished product is shipped in. He says pricing is going up 15% and he has no control because the raw material for the package has gone up blah blah. The owner tells him that he is invested in that industry for the last two years and the raw material is at the LOWEST pricing it has been in years! Now get outta my shop and think about what you just tried to pull scumbag.
So sorry if I come off like I have a tin foil hat, but my trust is on a short string if you know what I mean. Seems no matter what, the small guys keep getting screwed so some shmuck can upgrade to a bigger yacht because he thinks it will help him get laid.
Just wanted to hear from what others are seeing and hearing for the next year.
Things I think need clearing up that I do not know(Because I can admit I don't know things)
1) NAFTA- What's going on with this currently. Trump supposedly held meetings with Japan and China too recently in regards to trade deals.
2) Can stock market be trusted because of everyone wanting to get on the Trump train to early? Is his "friends" he met through the years really pulling the strings to purposely swing the market in his favor to show he is doing a good job? Why I say this is that small business loans have actually dropped which may show that we are all being careful and hesitant still.
3)Closer to heart, most machine castings are made in Taiwan or South Korea...so how will this affect pricing and delivery?
The reason I bring this up today is I am seeing a huge trend in the plastics industry of drastic pricing increases that haven't been seen in a long time. Supply and demand. I have heard it's a resin shortage blamed on the Chinese New Year. I have heard the distributors are perhaps covering their a$$ early for a rise in tariffs so we are not surprised with a 50% price increase a year from now..so they are doing it incrementally. A spin off of this is that they actually may believe the market may crash later and bring prices down, so covering a$$ now. There is only one manufacturer in the US that makes their own resin that I am aware of. Also maybe chemicals used in the resin of plastics may come out of China anyways so no matter.
The iron ore mines up this way are ramping back up so unsure if that will influence anything on that market.One new mill being built is on standstill due to bad investors or something. Steel market was supposedly flooded a year+ ago with chinese steel which most of us know. I may dispute this because I myself didn't see proof, and in the 80's USA wood guys were saying we were being flooded with Canadian timber which didn't really hold up(pun intended)
RECENT TRUE STORY: Salesman comes into a 4th generation family owned company he has done business with for at least a decade selling the package(box) that the finished product is shipped in. He says pricing is going up 15% and he has no control because the raw material for the package has gone up blah blah. The owner tells him that he is invested in that industry for the last two years and the raw material is at the LOWEST pricing it has been in years! Now get outta my shop and think about what you just tried to pull scumbag.
So sorry if I come off like I have a tin foil hat, but my trust is on a short string if you know what I mean. Seems no matter what, the small guys keep getting screwed so some shmuck can upgrade to a bigger yacht because he thinks it will help him get laid.
Just wanted to hear from what others are seeing and hearing for the next year.