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Egyptian polyolefin market assesses impact of new import rules
27
/05
/2022
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.
Europe's PP and PE markets are affected by weak fundamentals and deeper price declines in the near term.
30
/06
/2022
After closing June deals with a triple-digit drop, European PP and PE market participants are bracing for deeper price drops next month due to ample supply and weak demand. Monomers are also forecast to decline due to the widening spread between spot and contract prices.
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...
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.
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.
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...
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.
The reappearance of Russian PP, PE batches weakens sentiment in Vietnam
22
/04
/2022
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.
The return of US PE puts pressure on prices in global markets
27
/12
/2021
