SINGAPORE: ExxonMobil said on Tuesday (Mar 2) it will cut about 7 per cent of its workforce in Singapore, as "unprecedented market conditions" due to the COVID-19 pandemic accelerate ongoing reorganisation.
In the past few months, the wood industry has experienced an average growth of 10%. Iron and steel increased by 30% while plastic prices also increased rapidly by 30-50%.
It can be seen that the world price hike super cyclone is affecting Vietnam. Specifically, from the end of last year up to now, the price of iron and steel ha...
Overcoming difficulties, the plastic industry showed many signs of recovery, maintained business operations and achieved many impressive achievements.
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.
Vietnam's import PP and PE markets went up in the last week of March, supported by high costs. This is despite continued weak demand and current pressure from re-exports from China. However, sentiment leveled off in early April due to the re-emergence of competitively priced Russian goods.
Domestic PS offers in China have started to pull back amid increasing buying resistance and reduced feedstock cost support in a development that may spill over to import offers in Asia, according to market players.
According to the weekly average data obtained, local offers in China for GPPS and HIPS injection have declined 1-4...
Turkey’s import and local polyolefin markets have been facing growing pressure from waning buying appetite since last week. The majority of PP and PE consumers went to the sidelines after paying massive increases in February and early March to replenish their stocks.
HOUSTON (ICIS)--LyondellBasell could start construction on a world-scale chemical recycling plant in the next five to six years, the CEO said on Tuesday.
"My hope is over the next five, six years, we're in construction of a world-scale unit," said Bob Patel, LyondellBasell CEO. He made his comments during the World Petrochemica...
PP and PE prices have been increasing steadily since the beginning of January in India. Stronger buying momentum due to continued growth in upstream markets has continued to push import PP and PE prices higher in India, while technical and maintenance issues have further supported. for the recent uptrend.