News

China, SEA PE markets continue uptrend under shadow of falling futures

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2021

The post-holiday PE upturn in China and Southeast Asia has persisted for the third week in a row, supported by limited supplies, strong ethylene, and the fact that CFR China/SEA prices still lag behind other global markets. Meanwhile, the recent decline in LLDPE futures has raised caution among players. May LLDPE futures on Chi...

ExxonMobil to cut 7% of Singapore workforce, cites 'unprecedented conditions'

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2021

SINGAPORE: ExxonMobil said on Tuesday (Mar 2) it will cut about 7 per cent of its workforce in Singapore, as "unprecedented market conditions" due to the COVID-19 pandemic accelerate ongoing reorganisation.

ExxonMobil to cut 7% of Singapore workforce, cites 'unprecedented conditions'

Berry sees ongoing growth in emerging markets

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2021

When Berry Global Group Inc. changed its name in 2017, the move was designed to better represent how the company has grown since the 1980s from a single facility in Indiana.

LDPE, PP prices hit all-time highs in Europe

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2021

European producers sought hikes in March deals well beyond the monthly monomer upsurge on the back of a combination of intensifying tightness and robust demand. March marked the fifth straight month of hikes, while the pace of gains accelerated. All in all, PP and LDPE markets hit all-time highs.

LDPE, PP prices hit all-time highs in Europe

Asian PS, ABS markets shoot up on production upsets, soaring styrene

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2021

PS and ABS markets in China and Southeast Asia made a strong start to the post-holiday period, while the pace of gains accelerated over the past week. Production upsets in the cold-hit US Gulf Coast fueled concerns over availability and surging spot styrene markets added to the bullish run.

Will China’s focus on PP exports cushion the global run-up?

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2021

Chinese PP offers have shown up recently in Vietnam, Turkey and Europe, players reported. This is the consequence of Chinese producers’ willingness to take advantage of arbitrage opportunities emanating from sharper increases in these markets, although they are not necessarily at aggressive levels.

Will China’s focus on PP exports cushion the global run-up?

Pace of PP, PE hikes in China and SE Asia slackens

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2021

The polyolefin upturn in China and Southeast Asia has stretched into the fourth week after the Lunar New Year holidays. Although persisting supply limitations support import prices at high levels, the pace of gains has slackened this week amid mixed buying sentiment. Converters in both China and Southeast Asia were reluctant to...

Global shipping turmoil deepens, adding to the upheaval in plastic resins

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2021

Polymer markets shoot up in a tumultuous climate, where the global shipping crisis has contributed to the soaring prices in major regions. Global supply chains, both upstream and downstream in the plastic resin industry, were disrupted amid production snarls, a shortage of containers and changing demand patterns triggered by the...

Global shipping turmoil deepens, adding to the upheaval in plastic resins

The price of virgin plastic beads heats up in September, with the price of recycled materials increasing

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2021

BILLION ASCENT INDUSTRIAL LTD

News

China, SEA PE markets continue uptrend under shadow of falling futures

ExxonMobil to cut 7% of Singapore workforce, cites 'unprecedented conditions'

SINGAPORE: ExxonMobil said on Tuesday (Mar 2) it will cut about 7 per cent of its workforce in Singapore, as "unprecedented market conditions" due to the COVID-19 pandemic accelerate ongoing reorganisation.

Berry sees ongoing growth in emerging markets

When Berry Global Group Inc. changed its name in 2017, the move was designed to better represent how the company has grown since the 1980s from a single facility in Indiana.

LDPE, PP prices hit all-time highs in Europe

European producers sought hikes in March deals well beyond the monthly monomer upsurge on the back of a combination of intensifying tightness and robust demand. March marked the fifth straight month of hikes, while the pace of gains accelerated. All in all, PP and LDPE markets hit all-time highs.

Asian PS, ABS markets shoot up on production upsets, soaring styrene

PS and ABS markets in China and Southeast Asia made a strong start to the post-holiday period, while the pace of gains accelerated over the past week. Production upsets in the cold-hit US Gulf Coast fueled concerns over availability and surging spot styrene markets added to the bullish run.

Will China’s focus on PP exports cushion the global run-up?

Pace of PP, PE hikes in China and SE Asia slackens

Global shipping turmoil deepens, adding to the upheaval in plastic resins

The price of virgin plastic beads heats up in September, with the price of recycled materials increasing

Prices for polypropylene, polystyrene and PVC have all increased since September 1 due to high demand and some supply constraints.