Since the beginning of 2021, the price of plastic resins has tended to decrease abnormally, and until now, the price of HDPE plastic has decreased slightly and the two types of LDPE and LLDPE have temporarily stabilized.
Great benefits from recycling scrap plastic
The recycling of scrap plastic is currently one of the effective ways to save fuel.
Due to China's change in imports of Polyolefins, a sharp decline since mid-March. This price drop is attributed to limited demand due to off-season, lower Dalian futures prices, and pressure from domestic price downward trend affecting PP and PE prices, there is a risk of a decrease this June.
China's factories, power plants and farms are under enormous pressure from the rising cost of raw materials, while the Chinese people's pockets have not been affected too much.
Malaysia decided to end the anti-dumping investigation on plastic imports from Vietnam, China, Indonesia and Korea, and to end the provisional anti-dumping tax and release the deposited deposits.
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.
Chevron Phillips Chemical Company plans to build a new manufacturing plant to add nearly 600 million pounds of alkenes in the town of Old Ocean, Texas.
“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.
In Asia, PS prices headed north with support from rising spot styrene prices while ABS prices extended their gains into the second week. The earlier gains in crude oil futures as well as the ongoing supply tightness have also contributed to these recent gains.