News

European PS, ABS markets supported by higher styrene prices, will this last?

European PS, ABS markets supported by higher styrene prices, will this last?

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06

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2022

In the European styrene markets, the slight increase in the monthly styrene contract surprised market participants who had anticipated a marked drop in prices. The June styrene contract settled at a slight gain following a strong rally in the benzene settlement. Although PS and ABS market participants had previously predicted la...

What does China's self-sufficiency mean for the global PP market?

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2022

The Statistics Tool shows that China's PP imports hit a 14-year low in the first half of this year while PP exports neared a record high. Although China still imports more PP than it exports, the statistics clearly show that China is prepared to become self-sufficient and the winds of change have begun to blow in the PP markets....

What does China's self-sufficiency mean for the global PP market?
Buy packing factory in Germany NTN?

Buy packing factory in Germany NTN?

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06

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2021

Chicago-based Berlin packaging manufacturer and distributor is expanding through another acquisition, this time buying a Canadian company that specializes in packaging for the cannabis sector.

Indonesia's Polytama suspends polypropylene allocations

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03

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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.

Indonesia's Polytama suspends polypropylene allocations
Team Building & Gala Dinner 2021 at Phú Quốc Island

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.

Striving to 2025, 100% friendly packaging is used in supermarkets

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2022

The project to strengthen the management of plastic waste in Vietnam has just been approved by the Government in Decision No. 1316/QD-TTg dated July 22, 2021... The project aims to perfect mechanisms, policies and laws on plastic waste management; production and consumption of non-degradable plastic bags used in daily life; d...

Striving to 2025, 100% friendly packaging is used in supermarkets
Crude in freefall; will PE markets’ reaction resemble 2016 or 2008 ?

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

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03

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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...

Recycler EFS buys blow molder to ‘increase its market strength'

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2021

A plastics recycler is acquiring a custom blow molder in Ontario through a deal expected to expand production.

Recycler EFS buys blow molder to ‘increase its market strength'
Global oil and petrochemicals companies have strong earnings in the third quarter

Global oil and petrochemicals companies have strong earnings in the third quarter

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2021

Global oil and petrochemical companies posted strong financial results for the third quarter of 2021, marking a continuation of the recovery from the impact of the pandemic. After a sharp drop in economic activity the previous year, some companies' quarterly earnings have returned to pre-Covid-19 levels. The companies detaile...

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