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LG steps up plastic recycling goals
11
/09
/2021
LG Electronics expects to dramatically increase use of recycled plastics during the next decade, with aggressive increases by both 2025 and 2030.
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
Teel Plastics wins $4.65M DOD grant to boost COVID-19 swabs capacity
20
/11
/2021
The U.S. Department of Defense is once again giving Teel Plastics LLC funds to boost domestic production of COVID-19 swabs. Baraboo, Wis.-based Teel announced Nov. 18 that it was awarded a $4.65 million firm-fixed price contract to expand production capacity of extruded swab sticks.
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.
China, SEA PE markets continue uptrend under shadow of falling futures
18
/03
/2021
The post-holiday PE upturn in China and Southeast Asia has persisted for the third week in a row, supported by limited supplies, strong ethylene, and the fact that CFR China/SEA prices still lag behind other global markets. Meanwhile, the recent decline in LLDPE futures has raised caution among players. May LLDPE futures on Chi...
Packaging giant Berry aims for more organic growth
16
/08
/2021
There was a time when Berry Global Group Inc. relied on acquisitions as a key way to help fuel growth into a multibillion-dollar company.
Asian PS, ABS markets shoot up on production upsets, soaring styrene
08
/03
/2021
PS and ABS markets in China and Southeast Asia made a strong start to the post-holiday period, while the pace of gains accelerated over the past week. Production upsets in the cold-hit US Gulf Coast fueled concerns over availability and surging spot styrene markets added to the bullish run.
Will China’s focus on PP exports cushion the global run-up?
23
/03
/2021
Chinese PP offers have shown up recently in Vietnam, Turkey and Europe, players reported. This is the consequence of Chinese producers’ willingness to take advantage of arbitrage opportunities emanating from sharper increases in these markets, although they are not necessarily at aggressive levels.
The price of virgin plastic beads heats up in September, with the price of recycled materials increasing
04
/09
/2021
