News
Turkey’s import PP market continue to move south as new April offers started to emerge with a new series of drops.
In Vietnam, several overseas sellers approached the market with higher PP prices this week despite the fact that demand was still absent given the ongoing COVID-19 lockdown.
According to the Vietnam Plastics Association (VPA), after receiving the VPA's petition, the Ministry of Finance submitted a report to the Government proposing not to increase the PP plastic material tax from 3% to 5% as a few month ago.
Giá dầu âm và những con tàu đầy dầu lang thang trên biển đẩy ngành công nghiệp này chuyển sang giai đoạn dừng hoạt động hàng loạt.Covid-19 đã xé toạc ngành công nghiệp dầu mỏ với nhiều sự kiện xuất hiện lần đầu trong lịch sử.
Chemicals company Sabic has partnered with Plastic Energy, a pioneer in chemical plastics recycling, to start engineering and construction of the first commercial unit to produce its flagship certified circular polymers, part of the TruCircle portfolio
According to ChemOrbis Price Index, the local homo-PP market has been steadily increasing for the fifth week to hit highest levels since early March mainly with support from tight availability.
PP prices have rallied unprecedentedly in the last two weeks, appalling many players in Turkey. Steep increases coupled with robust demand in Europe and America lighted the touch paper while a wave of production issues exacerbated the severity scale of the run-up.
Malaysia’s Pengerang Refining and Petrochemical (PRefchem) has confirmed that a fire and explosion broke out at its complex in the southern state of Johor on Sunday night.