Polymers & Packaging News Today

HDPE PE100 black (-0) Rs.98.50/kg Ex Mundra/Bhiwandi. HDPE HM (-0) Rs.95/kg Ex Mundra/Bhiwandi. HD Blow Moulding (±0) Rs.94/kg Ex Mundra/Bhiwandi. Ethylene Based K67 (LG)(+1.75) Rs 83.5/kg Ex Mundra/Nhava Sheva. Low K (Formosa K57) (+2) Rs.85/kg Ex Mundra/Nhava Sheva.

Dow partners with Freepoint Eco-Systems for circular economy advancement, transforming annual 65,000 metric tons of plastic waste into virgin-grade plastics, revolutionizing recycling infrastructure in its U.S. Gulf Coast facilities.

Increasing Ethylene Vinyl Acetate prices in the US due to improved demand from packaging, solar, and footwear industries. US footwear market remains resilient with retail sales stabilizing at $9.1 billion, mirroring Q1 2023 figures.

Global chemical industry leader, LyondellBasell, has established a new distribution hub for its polyolefins grades in Hungary, following the UK hub opening in November 2023, aimed at improving customer experience by reducing order lead times.

LLDPE (-2) Rs.87/kg, LDPE prices are around (+2) Rs.119/kg, HDPE PE100 natural (-0) Rs.96.50/kg, HDPE PE100 black (-0) Rs.98.50/kg, HDPE HM (-1) Rs.95/kg Ex Mundra/Bhiwandi. HD Blow Moulding (±0) Rs.94/kg Ex Mundra/Bhiwandi.

HDPE prices display mixed results globally, declining in USA and Europe, but rising modestly in Asia last week. Contributing factors include subdued demand, ample supplies, and decreased cost of key inputs like Ethylene, Naphtha, and Crude oil.

April 2024 saw a surge in acetylene prices due to increased downstream demand in Asia, particularly India and China. This reflects China's recovering economy and boost in construction, marked by a significant rise in new home prices.

In Europe, Polymethyl Methacrylate prices remain steady due to high upstream costs and scarce inventories. However, a probable softening is expected mid-Q2 2024 amid weaker downstream demand. Buyers remain cautious, expecting more discounts.

Germany's R-HDPE market suffers from high price pressures and tight supply due to enormous demand outstripping supply, causing variable prices. This versatile plastic's robust demand is mainly driven by packaging and manufacturing industries.

Alpek Polyester USA introduces a single-material solution, the CaPETall PET resin for bottle caps. The new product boosts post-consumer PET bottle recycling and supports the PET circular economy while maintaining the benefits of PET's mechanical properties.