News

African PE, PP markets go up on tight supply and rising costs in March

African PE, PP markets go up on tight supply and rising costs in March

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03

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2022

Plastics suppliers in Africa are pushing for price increases due to higher energy costs caused by the Ukraine/Russia conflict and the potential to reduce supply in an already tight market. Although most grades of PP and PE saw price increases in March, basic demand in the market remained weak.

Saudi Aramco to boost oil output for first time in a decade

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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.

Saudi Aramco to boost oil output for first time in a decade
Import PE price decreases in line with local price

Import PE price decreases in line with local price

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11

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2021

In the last week, local PE prices in China fell on the heels of Dalian futures and fell after a two-month climb. January LLDPE futures on the Dalian Commodity Exchange were down 640 CNY/ton ($100/ton) from the previous week through Oct.

Import PP prices give a recovery signal

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07

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2022

The easing of COVID restrictions in Chinese cities and the return of buying demand in the local market have captured the downtrend in PP prices in India after nearly two months, an Indian trader said. know: “PP prices are unlikely to slide any deeper and in the short term look stable to a slightly flat level.” “Domestic de...

Import PP prices give a recovery signal
Billion dollar project in Ba Ria - Vung Tau officially put into operation

Billion dollar project in Ba Ria - Vung Tau officially put into operation

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12

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2021

Ba Ria - Vung Tau - On December 17, the project of Polypropylene (PP) Factory and Hyosung LPG underground storage in Cai Mep - Thi Vai area, Phu My town was inaugurated. This is one of the typical projects and works inaugurated in December to celebrate the 30th anniversary of the establishment of the province. After 3 years o...

Aduro, Switch focus on recycling agricultural plastics

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11

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2021

Chemical recycler Aduro Clean Technologies Inc. and Ontario-based recycler Switch Energy Corp. will build a pilot plant in Sarnia, Ontario, to recover polyethylene and polypropylene used in agriculture.

Aduro, Switch focus on recycling agricultural plastics
$120 million to build the first biodegradable plastic factory in Southeast Asia

$120 million to build the first biodegradable plastic factory in Southeast Asia

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2022

TTO - With a capacity of 30,000 tons/year and a total investment of up to 120 million USD, An Phat Holdings' PBAT biodegradable plastic factory will be one of the few manufacturers of raw materials. global green material.

Bio-Polyolefin Market Set to Grow as Fast as Sugar Cane

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2022

Sugar cane can grow to a height of 10 feet in 12 months. Independent research by plastic market and technology expert MLT Analytics (MLTA) indicates that usage of polyethylene and polypropylene derived from renewable resources such as sugar cane, non-edible plants, and biogenic fats and oils has the potential to grow equally fas...

Bio-Polyolefin Market Set to Grow as Fast as Sugar Cane
Asian ethylene, propylene prices under heavy strain from oversupply

Asian ethylene, propylene prices under heavy strain from oversupply

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2021

Asian ethylene and propylene markets have held steady so far this week, albeit at the lower levels seen over the past 8 weeks, with prices continuing to be capped by regional oversupply and weak demand. Whether the news that China’s ZPC will delay the start-up of its No 3 cracker will be enough to help falling olefin prices lo...

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