News

Turkey shattered as PP prices shoot up to surreal levels

Turkey shattered as PP prices shoot up to surreal levels

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2021

PP prices have rallied unprecedentedly in the last two weeks, appalling many players in Turkey. Steep increases coupled with robust demand in Europe and America lighted the touch paper while a wave of production issues exacerbated the severity scale of the run-up.

Sabic and Plastic Energy Start Construction of Circular Polymers Plant

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2021

Chemicals company Sabic has partnered with Plastic Energy, a pioneer in chemical plastics recycling, to start engineering and construction of the first commercial unit to produce its flagship certified circular polymers, part of the TruCircle portfolio

Sabic and Plastic Energy Start Construction of Circular Polymers Plant
Cause Of High But Unsustainable Global Container Shipping Charges

Cause Of High But Unsustainable Global Container Shipping Charges

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2021

Following the trend in 2020, shipping lines are expected to continue to have a good year in 2021. In the short term, container charges in the markets will remain high. However, due to the sensitivity of price fluctuations as well as the ability of the industry to recover the economy, medium-term freight rates are expected to be ...

Polymer Markets Face One Of Most Chaotic Times

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2021

Global polymer markets have been grappling with a dearth of supply since early Q4. Planned and unplanned shutdowns coupled with a deepening shipping crisis in the aftermath of an unexpected surge in demand have contributed to rapid price hikes in major regions. Prices for PP, PE, and PVC have more than doubled from the middle of...

Polymer Markets Face One Of Most Chaotic Times
Global shipping turmoil deepens, adding to the upheaval in plastic resins

Global shipping turmoil deepens, adding to the upheaval in plastic resins

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2021

Polymer markets shoot up in a tumultuous climate, where the global shipping crisis has contributed to the soaring prices in major regions. Global supply chains, both upstream and downstream in the plastic resin industry, were disrupted amid production snarls, a shortage of containers and changing demand patterns triggered by the...

A Guide To Common Household Plastics

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2021

Plastics are substances called polymers – these are long, chain-like molecules, formed from many smaller molecules. We use a number of different plastics in our day-to-day lives. This graphic looks at uses of the most frequently encountered, along with their chemical structures.

A Guide To Common Household Plastics
ExxonMobil to cut 7% of Singapore workforce, cites 'unprecedented conditions'

ExxonMobil to cut 7% of Singapore workforce, cites 'unprecedented conditions'

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2021

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.

Team Building & Gala Dinner 2021 at Phú Quốc Island

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2021

“Work Hard Play Hard” is always the hottest saying at Billion Ascent, the 2021 cool vacation takes place for 3 days with golden sand, blue sea, and a funny Gala Dinner at Eden Resort Phu Quoc has give strength and enthusiasm to all the company.

Team Building & Gala Dinner 2021 at Phú Quốc Island
Vietnam’s local homo-PP market retreats for 3rd week on subdued demand

Vietnam’s local homo-PP market retreats for 3rd week on subdued demand

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2021

In Vietnam, local homo-PP prices have been witnessing reductions since after the market hit a more-than-two-year high in mid-December while waning demand is the main driver of this downturn. Two factors have weighed on buying interest recently: softening sentiment in China and reduced end-product manufacturing at home.

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