News

Overseas sellers hike PP offers to Vietnam despite lack of demand

Overseas sellers hike PP offers to Vietnam despite lack of demand

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2020

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.

LATEST NEWS: Saudi Arabian PP raffia breaks below $900 CFR in Turkey

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2020

Turkey’s import PP market continue to move south as new April offers started to emerge with a new series of drops.

LATEST NEWS: Saudi Arabian PP raffia breaks below $900 CFR in Turkey
Turkey shattered as PP prices shoot up to surreal levels

Turkey shattered as PP prices shoot up to surreal levels

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2021

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.

Sabic and Plastic Energy Start Construction of Circular Polymers Plant

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2021

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

Sabic and Plastic Energy Start Construction of Circular Polymers Plant
Good news for plastic businesses

Good news for plastic businesses

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2020

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.

Fire at PRefchem’s Pengerang complex in Malaysia

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2020

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.

Fire at PRefchem’s Pengerang complex in Malaysia
Holiday notice: Lunar New Year 2021

Holiday notice: Lunar New Year 2021

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2021

Saturday, February 6, 2021 (all December 25) will operate according to office hours 8:00 - 17:00 Our Lunar New Year Holiday starts from February 8, 2021 to February 18, 2021. We’re coming back on February 19, 2021

OPEC outlines details of historic cuts after extraordinary meeting

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2020

The Organization of the Petroleum Exporting Countries (OPEC) revealed the details of the overall crude oil production cuts in a statement published on April 9.

OPEC outlines details of historic cuts after extraordinary meeting
Vietnam’s local homo-PP market climbs to three-month high on tightness

Vietnam’s local homo-PP market climbs to three-month high on tightness

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2020

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.

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