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China, SEA PE markets continue uptrend under shadow of falling futures
18
/03
/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...
Berry sees ongoing growth in emerging markets
19
/08
/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.
Asian PS, ABS markets shoot up on production upsets, soaring styrene
08
/03
/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.
ExxonMobil to cut 7% of Singapore workforce, cites 'unprecedented conditions'
04
/03
/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.
LDPE, PP prices hit all-time highs in Europe
16
/03
/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.
Will China’s focus on PP exports cushion the global run-up?
23
/03
/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.
Pace of PP, PE hikes in China and SE Asia slackens
25
/03
/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...
Limited demand caused PP, PE prices to fall deeper in June in the market
04
/06
/2021
Due to China's change in imports of Polyolefins, a sharp decline since mid-March. This price drop is attributed to limited demand due to off-season, lower Dalian futures prices, and pressure from domestic price downward trend affecting PP and PE prices, there is a risk of a decrease this June.
The price of virgin plastic beads heats up in September, with the price of recycled materials increasing
04
/09
/2021
