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Saudi Aramco to boost oil output for first time in a decade
19
/03
/2020
Saudi Arabia’s energy minister has instructed Saudi Aramco to increase oil production by 1 million barrels/day to 13 million barrels/day, its maximum capacity, as soon as possible, the company announced in a statement to Saudi stock exchange, Tadawul.
PS goes down after 4 months of price increases in Europe
09
/03
/2022
Before PS prices reversed in February, they were on a steep upward trend that lasted from October 2021 to January 2022, supported by rising costs and shortages. According to the ChemOrbis Price Index, the average monthly spot price has increased by at least 25% from bottom to top.
European PS, ABS markets open 2022 with an uptrend
10
/02
/2022
The European spot polystyrene (PS) and acrylonitrile butadiene styrene (ABS) markets opened the new year with increased bids from manufacturers. The main factor driving the market is the increase in upstream costs. Previously, both PS and ABS prices fluctuated in tight ranges throughout November and December due to production gl...
Crude in freefall; will PE markets’ reaction resemble 2016 or 2008 ?
21
/03
/2020
Crude oil prices in the US have recently neared $20/bbl, a threshold not seen since February 2002. Players are now widely trying to gauge the impact of nosediving oil on PE markets and see whether the last times crude oil futures suffered enormous decreases back in 2016 and 2008-2009 can give a clue about the bottom of PE prices...
Indonesia's Polytama suspends polypropylene allocations
31
/03
/2021
Indonesian polypropylene (PP) producer Polytama Propindo has suspended PP allocations to its domestic contract customers, likely in anticipation of a disruption to its feedstock propylene supplies from a fire that hit state-owned Pertamina's 125,000 b/d Balongan refinery today.
Vaccine Situation & Employee Safety Facts at Biden
08
/11
/2021
Plasticraft Corp. is suing to block the Biden administration's COVID-19 vaccine and testing rule, saying it is within the discretion of the company and employees.
Aduro, Switch focus on recycling agricultural plastics
11
/11
/2021
Chemical recycler Aduro Clean Technologies Inc. and Ontario-based recycler Switch Energy Corp. will build a pilot plant in Sarnia, Ontario, to recover polyethylene and polypropylene used in agriculture.
Global oil and petrochemicals companies have strong earnings in the third quarter
09
/11
/2021
Global oil and petrochemical companies posted strong financial results for the third quarter of 2021, marking a continuation of the recovery from the impact of the pandemic. After a sharp drop in economic activity the previous year, some companies' quarterly earnings have returned to pre-Covid-19 levels. The companies detaile...
Striving to 2025, 100% friendly packaging is used in supermarkets
18
/01
/2022
