Asian ABS hits new highs on shortness, robust buying

The pace of gains in Asian ABS markets accelerated over the last week after the uptrend kicked off as of early August. Short supplies, robust demand in China and supportive costs pushed prices to new highs.

LLDPE draws weaker scene than other PE grades in China, SEA and Turkey

Tightness propped up LDPE and HDPE film prices despite waning demand in Asian markets, while LLDPE yielded to weak demand. In Turkey, ample supplies were also blamed for the weakness of LLDPE.

BREAKING NEWS: US oil plunges below zero for first time ahead of expiry

A day ahead of expiry, May contract for the US oil benchmark West Texas Intermediate (WTI) on NYMEX collapsed to below zero for the first time ever on Monday amid an oversupplied market and a sharp contraction in oil demand caused by the coronavirus pandemic.

Local PP prices in Vietnam slide further; import market almost at standstill

In Vietnam, local PP prices have continued to slide this week as muted demand keeps the market under pressure. The import  market, meanwhile, has been almost at a standstill since major suppliers have withdrawn their offers to gauge the impact of  the crude oil slump.

Global oil and petchem revenues hit by challenging market environment

The global COVID-19 pandemic continued to mark a negative impact on global oil and petrochemicals’ companies’ financial results. The pandemic-driven loss of demand and the volatile macro-economic environment associated with the global response to COVID-19 were both reflected in the producers’ latest revenues.

Downstream operations slacken amid virus-hit logistics, low demand in Europe

With Europe becoming the new epicenter of the COVID-19 pandemic, run cuts or closures at downstream plants have been on the agenda. Meanwhile, rising freight rates amid a shortage of containers and increased checks at borders indicate that supply chain disruptions lurk around the corner.

Bản tin thương mại ngành Nhựa tuần cuối tháng 8/2020

Mặc dù vẫn đối mặt với những thách thức đến từ ảnh hưởng của dịch Covid-19, tuy nhiên nhìn chung trong tuần qua kinh tế toàn cầu đã đón nhận một số tín hiệu tích cực trong bối cảnh việc phát triển vắc-xin ngừa Covid-19 tại nhiều quốc gia đã có những ...

Stats: China’s total PP, PE imports set a new record in H1 2020

China’s record-high polymer imports for PP and PE in H1 2020 reflect the recovery mode the country’s economy has been in since the removal of the COVID-19 linked lockdown in April, with businesses gradually resuming their activities.

Nhà sản xuất Việt Nam công bố giá chào PVC cho tháng Ba