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Saudi Aramco to boost oil output for first time in a decade
19
/03
/2020
Saudi Arabia’s energy minister has instructed Saudi Aramco to increase oil production by 1 million barrels/day to 13 million barrels/day, its maximum capacity, as soon as possible, the company announced in a statement to Saudi stock exchange, Tadawul.
PS goes down after 4 months of price increases in Europe
09
/03
/2022
Before PS prices reversed in February, they were on a steep upward trend that lasted from October 2021 to January 2022, supported by rising costs and shortages. According to the ChemOrbis Price Index, the average monthly spot price has increased by at least 25% from bottom to top.
European PS, ABS markets open 2022 with an uptrend
10
/02
/2022
The European spot polystyrene (PS) and acrylonitrile butadiene styrene (ABS) markets opened the new year with increased bids from manufacturers. The main factor driving the market is the increase in upstream costs. Previously, both PS and ABS prices fluctuated in tight ranges throughout November and December due to production gl...
Crude in freefall; will PE markets’ reaction resemble 2016 or 2008 ?
21
/03
/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...
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.
Vaccine Situation & Employee Safety Facts at Biden
08
/11
/2021
Plasticraft Corp. is suing to block the Biden administration's COVID-19 vaccine and testing rule, saying it is within the discretion of the company and employees.
European PS, ABS markets supported by higher styrene prices, will this last?
20
/06
/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...
Team Building & Gala Dinner 2021 at Phú Quốc Island
29
/01
/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.
Alpla building injection molding plant in Kansas City
28
/10
/2021
