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A strong US dollar makes Asian PP and PE lose their competitiveness
31
/05
/2022
Traders say the dollar's surge against global currencies has made imported PP and PE less competitive against domestically sold products across China, Southeast Asia and India. because of increased import costs.
Overcoming the pandemic storm, the plastic industry prospered
08
/04
/2022
Overcoming difficulties, the plastic industry showed many signs of recovery, maintained business operations and achieved many impressive achievements.
Statistics: China's first quarter PE imports recover from the lowest level in the past 4 years
18
/05
/2022
Data from ChemOrbis Import Statistics shows that China's cumulative PE imports in the first quarter of 2022 increased by 7.3% year-on-year, reaching around 3.5 million tonnes. The Q4 2021 volume shows the lowest quarterly figure in import statistics since the last quarter of 2017.
Bio-Polyolefin Market Set to Grow as Fast as Sugar Cane
21
/05
/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...
PS goes down after 4 months of price increases in Europe
23
/02
/2022
In Europe, the styrene market has plunged after being mostly bullish for the past 4 months due to the fall in the February styrene contract. Initial February quotes came in lower, also hit by sluggish demand as supply concerns eased. PS remains at record high, price up about 25% from bottom to top
Japan makes plastic that can heal itself at room temperature
25
/04
/2022
Chemistry professor Takuzo Aida and colleagues used a substance called polyether thiourea to create a plastic material that can self-heal if the fragments are put together at room temperature.
Import PP prices give a recovery signal
04
/07
/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...
The return of US PE puts pressure on prices in global markets
27
/12
/2021
Major global markets including Southeast Asia, Turkey and Europe have recently received more US PE quotes after a long absence. This is the end to the inventory build-up in the US, a year-end lull, and the Omicron variant putting additional strain on demand. The traditional year-end stock clearance from the US has not been po...
The reappearance of Russian PP, PE batches weakens sentiment in Vietnam
22
/04
/2022
