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There's been a lot of investment in the recycling sector, but it's still not enough
There's a lot of demand for a more rounded plastic industry - a call that doesn't just come from activists, but also from inside the house (metaphor).
After a strong rally after the National Day holiday, both local and import PP prices reversed course over the past week as Dalian futures prices fell and have continued to trend lower since then.
After trading just below multi-year highs on Friday, crude oil prices edged higher last week. The pre-weekend rally extended into Monday and hit multi-year highs in intraday trading. The bullish sentiment due to tight global supply and increased fuel demand in the US and Asia supported the global benchmark oils.
Positive Plastics is a new initiative launched by three materials experts, united by a special passion for plastics. It's a passion they want to share with the designers and engineers with whom they work, to encourage them to "think positively about plastics."
In Vietnam, import PP prices have been going up in the past two weeks after a stable month. This is due to the bullish trend in the Chinese PP market because of the energy cuts of the country.
The decision of the Central Bank of Egypt to revoke a regulation requiring importers to obtain a letter of credit (L/C) has been welcomed by market participants in an effort to improve supply. However, most market participants remain cautious given the challenging macroeconomic environment in Egypt.
TotalEnergies, Plastic Omnium to develop new recycled plastic materials for auto industry
TotalEnergies and Plastic Omnium have joined forces to design and develop new plastic compounds made from recycled polypropylene, the companies have announced. To that end, the companies have entered into a strategic partnership to poo...
Several regional and foreign suppliers have announced July PP and PE prices for China and Southeast Asia mostly at lower levels this week. Weak demand in China as uncertainty over the pandemic persists, was the main factor driving prices down in the region.
Low polyolefin season, global economic challenges and recent volatili...