Plastic World

SEA’s PE market indifferent to China’s recovery, PP sees hike attempts

SEA’s PE market indifferent to China’s recovery, PP sees hike attempts

Updated on:10/12/2018

In Southeast Asia, import PE prices remained on a downward trend last week, defying the recovery in the nearby Chinese market. PP, on the other hand, had a partial response and witnessed some hike attempts amid renewed confidence among some sellers.

China: An Overview of Opportunities for UK Plastics Companies

China: An Overview of Opportunities for UK Plastics Companies

Updated on:05/12/2018

With the Department of International Trade (DIT) expected to announce grant availability at the end of November, there is still a short amount of time to be part of the British Pavilion at Chinaplas 2019, taking part next May.

Weekly resin report: Processors enjoy rare taste of pricing power

Weekly resin report: Processors enjoy rare taste of pricing power

Updated on:05/12/2018

Spot resin trading rebounded during the final week of November, reports the PlasticsExchange (Chicago) in its Market Update. November had been sputtering along, but last week's strong volumes helped to raise the month to a solid average.

WHAT DOES BIODEGRADABLE PACKAGING MEAN?

WHAT DOES BIODEGRADABLE PACKAGING MEAN?

Updated on:28/11/2018

Following soundings with the UK packaging sector, non-government organisations and litter charities, the Foodservice Packaging Association is calling for an end to the description ’biodegradable’ in reference to packaging.

December hints at softening in European PP market

December hints at softening in European PP market

Updated on:22/11/2018

In Europe, players started to voice their expectations for next month after concluding November deals with mostly rollovers despite initial hike attempts. Slight decreases were observed in the contract market of Northwest Europe. Approaching year-end, mounting monomer supplies as well as lower energy markets triggered softening expectations on part of most players.

Weekly resin report: Buyers in holding pattern waiting for year-end deals

Weekly resin report: Buyers in holding pattern waiting for year-end deals

Updated on:20/11/2018

Spot resin trading was challenged this past week, reports the PlasticsExchange (Chicago) in its Market Update, caused by negative sentiment pushing buyers further away from the market. Overall polyethylene (PE) and polypropylene (PP) levels were steady to weaker, and the market experienced some consolidation along with growing availability of both commodity resin groups at the lower end of their current price ranges. Fresh railcar offers flowed fairly freely; while some sold, it was more common to see offers pile up.

‘Poly-feration’ of PE and PP innovations in packaging: ExxonMobil

‘Poly-feration’ of PE and PP innovations in packaging: ExxonMobil

Updated on:15/11/2018

At NPE2018 in May it became quickly apparent that major polymers suppliers and other companies were mobilizing with developments and products related to polyethylene and polypropylene packaging. In this second interview with a leading company, PlasticsToday draws on the insights and expertise of Andy West, Polypropylene Marketing Manager, ExxonMobil (Houston).

Tax on plastic could rock these six stocks

Tax on plastic could rock these six stocks

Updated on:12/11/2018

That's one possible conclusion from a fascinating and frankly frightening report by Credit Suisse looking at impending "plasticide" threatening Australia and the world.

The team behind the report, led by Phineas Glover, argues the incredible build-up of plastic in the economy is reaching such a critical level that societal pressure will force the Australian government to act, potentially as soon as the next two financial years.

The measures Credit Suisse see as likely to be examined would include bans on single-use plastics, tax incentives to boost plastic recycling, tariffs on imported plastics packaging and, perhaps most dramatically, a possible tax on resins.

Will hike targets fail in Europe's PE market?

Will hike targets fail in Europe's PE market?

Updated on:08/11/2018

In Europe, initial PE offers for November emerged with mostly rollovers to modest hikes following the lower ethylene settlement. Although two producers continue to stand firm on their hike targets of €40-70/ton for LDPE, players think large hikes will not be absorbed.

CCC buys two Canadian bottle molders

CCC buys two Canadian bottle molders

Updated on:07/11/2018

Atlanta, Ga.-based Consolidated Container Co. is expanding its footprint in Canada by acquiring Polybottle Group Ltd. and Humberline Packaging Inc. from Toronto’s ABC Group Inc.

TO IMPROVE LDPE FILM CIRCULARITY

TO IMPROVE LDPE FILM CIRCULARITY

Updated on:31/10/2018

Repsol and Saica Natur have signed a new collaboration agreement in order to maximise the use of low density polyethylene film (LDPE) waste and take a new step in the transition towards a circular economy.

UK to introduce plastic packaging tax by 2022

UK to introduce plastic packaging tax by 2022

Updated on:30/10/2018

The United Kingdom is planning to introduce a new national tax on all plastic packaging that does not include at least 30 percent recycled content.

As part of his 2018 budget presented Oct. 29, Chancellor of the ExchequerPhilip Hammond said the government aimed to enforce the tax as of April 2022 to give businesses “time to adjust their behavior and manage any costs they face.”

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