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What does China's self-sufficiency mean for the global PP market?
17
/08
/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....
How does plastic waste move around the Earth?
15
/12
/2021
New NASA graphic shows the path of microplastics around the oceans across the Earth's surface. The researchers used NASA satellite data to track the movement of microplastics, pieces of plastic less than 5mm in diameter. Their graphics show high concentrations of microplastics in the South China Sea and Gulf of Thailand as we...
Indonesia's Polytama suspends polypropylene allocations
31
/03
/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.
Global oil and petrochemicals companies have strong earnings in the third quarter
09
/11
/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...
Striving to 2025, 100% friendly packaging is used in supermarkets
18
/01
/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...
Turkish PP and PE markets stuck between limited supply and cautious demand
05
/11
/2021
Since last week, activity in Turkey has almost stopped in the face of strong fluctuations in the USD/lira exchange rate. Most buyers chose to stay out of the economy due to the bleak economic situation as the lira hit a record low. However, supply shortages of some products continu
Weak demand affects ABS prices in global markets
02
/06
/2022
Market participants confirmed weaker ABS sentiment globally, driven by lower-than-expected demand in major markets including China, Southeast Asia, Turkey and Europe. Import prices in China and Turkey have continued to slide to new lows amid mounting selling pressure, despite a fresh rally in the Asian spot styrene market.
Domestic PVC prices are in free fall despite the shortage of goods
03
/11
/2021
PVC futures and spot were the commodities that recorded the biggest declines during this period. Although PVC supply remains tight in China, the notable drop in Dalian futures prices has impacted prices.
Crude in freefall; will PE markets’ reaction resemble 2016 or 2008 ?
21
/03
/2020
