News

PS goes down after 4 months of price increases in Europe

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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

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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...

Saudi Aramco to boost oil output for first time in a decade

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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.

Crude in freefall; will PE markets’ reaction resemble 2016 or 2008 ?

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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...

Crude in freefall; will PE markets’ reaction resemble 2016 or 2008 ?

Indonesia's Polytama suspends polypropylene allocations

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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.

Team Building & Gala Dinner 2021 at Phú Quốc Island

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2021

“Work Hard Play Hard” is always the hottest saying at Billion Ascent, the 2021 cool vacation takes place for 3 days with golden sand, blue sea, and a funny Gala Dinner at Eden Resort Phu Quoc has give strength and enthusiasm to all the company.

CHANGES IN THE EXPORT MARKET OF PS PLASTICS FROM VIETNAM TO INDONESIA

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2022

The session transaction plastic PS from Vietnam Vietnam to Indonesia ended with a slight discount.. As the recent news about the slight fluctuation of import and export, the transactions for plastic PS of Vietnam Vietnam to Indonesia have, end with light discount.

What to expect in the polymer market in 2022?

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2022

As the increasing impact of the pandemic changes key aspects of trade and supply/demand imbalances have left their mark on global petrochemical markets in 2021, let's take a look at a Some fundamentals will resonate in the market by 2022.

Asian ethylene, propylene prices under heavy strain from oversupply

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2021

Asian ethylene and propylene markets have held steady so far this week, albeit at the lower levels seen over the past 8 weeks, with prices continuing to be capped by regional oversupply and weak demand. Whether the news that China’s ZPC will delay the start-up of its No 3 cracker will be enough to help falling olefin prices lo...