Polymers & Packaging News Today

PP Raffia (0) Rs.95/kg levels Ex Godown. PP Film (0) Rs.99/kg levels Ex Godown. PP CP (-0) Rs.98.50/kg levels Ex Godown. PP Lamination (+0) Rs.98.50/kg levels Ex Godown. LLDPE (-0) Rs.90/kg Ex Mundra/Bhiwandi. LDPE prices are around (+0) Rs.121/kg Ex Mundra/Bhiwandi.

Asia's LDPE market saw a late April price incline, contrary to concurrent drops in Europe and the US. Price dynamics were impacted by factors such as Ethylene, Naphtha, and Crude oil costs as well as demand fluctuation.

Falling crude oil prices last week led to slashed Ethylene Dichloride costs globally. The dip is also fueled by reduced demand from the Poly Vinyl Chloride market and a slowdown in the construction sector.

Acrylic Products unit, now independent and renamed Polyvantis, specializes in high-quality PLEXIGLAS semi-finished items, making it one of the world's top polymethyl methacrylate manufacturers. Its forthcoming merger with Functional Forms will establish a global leader in acrylic.

Despite volatile feedstock prices, cheap imports, virgin plastics oversupply and regulatory changes, the future of European plastics recycling industry looks promising, as it gears up for the Plastics Recycling Show Europe.

Post years of unforeseen challenges, the European recycled polyethylene terephthalate (rPET) market faces uncertainty due to volatile feedstock prices and inconsistent demand. Cheap Chinese PET imports in 2022-23 impacted sustainability of European producers.

LyondellBasell is set to establish an integrated plastic waste recycling hub in Knapsack, Germany, aimed at combating the plastic waste issue and promoting the circular economy. The hub will include advanced sorting and recycling operations.

Discover SABIC's Q1 2024 financial challenges amid global uncertainties, with a 62% net income drop attributed to reduced sales and geopolitical tensions. Despite overcapacity concerns, SABIC invests in expansion, like a $6.4B project in China and innovations for carbon neutrality.

HDPE PE100 black (-0) Rs.100/kg Ex Mundra/Bhiwandi. HDPE HM (±0) Rs.96/kg Ex Mundra/Bhiwandi. HD Blow Moulding (±0) Rs.94/kg Ex Mundra/Bhiwandi. PVC (SG5) (-) Rs.73/kg Ex Mundra/Nhava Sheva. Ethylene Based K67 (LG/Formosa)(-0) Rs.73.75/kg Ex Mundra/Nhava Sheva.

Global HDPE prices show a mixed trend due to fluctuating demand and ample supplies. While prices declined in Europe and remained stable in the US, a slight increase was seen in the Asian market. Factors such as feedstock Ethylene, Naphtha, and Crude oil prices influenced production costs.