December 26, 2022· 37 min

Why the Price of Plastic Is Crashing After a Record Surge

Warren Russell

Orality

Model

89%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostTracy Alloway(1,362 words)

M:29%

HostJoe Weisenthal(1,355 words)

M:94%

GuestWarren Russell(3,416 words)

M:28%

Oral Indicators

Agonistic33%

obviously, huge, very

Engagement74%

you, our, your

Memory Aids100%

listen, like, so

Repetition100%

like (98x), know (90x), sort (58x)

Parallelism85%

And I'm Joe Wasenthal...., So I had no idea...., But today, we are going to be ...

Sound Patterns75%

52 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases12%

at the end of the day, you know what, i mean

Literate Indicators

Hedging9%

may, maybe, could

Passive Voice3%

is used, was based, is separated

Abstract Nouns22%

investment, community, business

Subordination7%

because, since, while

Sentence Length35%

Avg: 13.8 words/sentence

Word Complexity47%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style26%

514 personal pronouns found

Descriptive Style87%

apply, really, supply

Description

Plastic is in almost everything and prices of polypropylene, polyethylene and a host of other polymers went nuts in 2021, surging to record highs. Now they've come crashing back down to Earth and have reached a two-year low. So what happened to send the price of plastics surging, and why are they falling now? Were plastics a perhaps under-appreciated source of inflation given that they go into practically everything? And where does plastic come from anyway? On this episode of the Odd Lots podcast, we speak to Bank of America Commodities Strategist Warren Russell about the wild ride for plastics over the past couple of years, and what it means for the future of the petrochemicals industry. See omnystudio.com/listener for privacy information.

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