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Saudi Aramco to boost oil output for first time in a decade
19
/03
/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.
Crude in freefall; will PE markets’ reaction resemble 2016 or 2008 ?
21
/03
/2020
Crude oil prices in the US have recently neared $20/bbl, a threshold not seen since February 2002. Players are now widely trying to gauge the impact of nosediving oil on PE markets and see whether the last times crude oil futures suffered enormous decreases back in 2016 and 2008-2009 can give a clue about the bottom of PE prices...
Indonesia's Polytama suspends polypropylene allocations
31
/03
/2021
Indonesian polypropylene (PP) producer Polytama Propindo has suspended PP allocations to its domestic contract customers, likely in anticipation of a disruption to its feedstock propylene supplies from a fire that hit state-owned Pertamina's 125,000 b/d Balongan refinery today.
European PS, ABS markets open 2022 with an uptrend
10
/02
/2022
The European spot polystyrene (PS) and acrylonitrile butadiene styrene (ABS) markets opened the new year with increased bids from manufacturers. The main factor driving the market is the increase in upstream costs. Previously, both PS and ABS prices fluctuated in tight ranges throughout November and December due to production gl...
PS goes down after 4 months of price increases in Europe
09
/03
/2022
Before PS prices reversed in February, they were on a steep upward trend that lasted from October 2021 to January 2022, supported by rising costs and shortages. According to the ChemOrbis Price Index, the average monthly spot price has increased by at least 25% from bottom to top.
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.
Striving to 2025, 100% friendly packaging is used in supermarkets
18
/01
/2022
The project to strengthen the management of plastic waste in Vietnam has just been approved by the Government in Decision No. 1316/QD-TTg dated July 22, 2021... The project aims to perfect mechanisms, policies and laws on plastic waste management; production and consumption of non-degradable plastic bags used in daily life; d...
Egypt's domestic and imported PP and PE markets tend to be mixed
06
/09
/2022
Several mixed factors have dragged Egypt's domestic and imported polyolefin markets in opposite directions over the past few weeks. While foreign exchange shortages and impeded imports gave distributors leverage to announce price increases, the import PP and PE markets have continued to weaken due to reduced demand.
European PS market dissipates before major price spikes, ABS sees prices unchanged
18
/07
/2022
