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OfBusiness Polymer Daily Market Report | 24th May 2024
Polymer
Daily Market Report
24 May

OfBusiness Polymer Daily Market Report | 24th May 2024

PP Lamination (±0) Rs.97/kg levels Ex Godown. LLDPE (±0) Rs.87/kg Ex Mundra/Bhiwandi. LDPE prices are around (±0) Rs.119/kg Ex Mundra/Bhiwandi. HDPE PE100 natural (±) Rs.96.50/kg Ex Mundra/Bhiwandi. HDPE PE100 black (±0) Rs.98.50/kg Ex Mundra/Bhiwandi.
What the dichloromethane ban might mean for university labs in the US

What the dichloromethane ban might mean for university labs in the US

The US Environmental Protection Agency's ban on dichloromethane (methylene chloride) can impact research labs. While consumer use will be phased out in a year, some industrial and commercial applications will continue under strict safety guidelines.
Chemical method targets hard-to-recycle material

Chemical method targets hard-to-recycle material

UK and US engineers have developed a potentially viable method for recycling polystyrene, offering a solution to a significant global environmental issue.
Adipic Acid Prices in Europe decline Amid Weak Demand and Competitive Imports

Adipic Acid Prices in Europe decline Amid Weak Demand and Competitive Imports

European Adipic Acid market sees a price drop due to weak demand, especially from textile and automotive industries, despite adequate supply. A ripple effect leads to a 6.5% depreciation in cost as of May 17th, 2024.
Ineos opens two PVC chemical recycling pilot plants in Belgium

Ineos opens two PVC chemical recycling pilot plants in Belgium

Ineos Inovyn has launched two pilot PVC chemical recycling plants in Belgium. Using patented Vinyloop technology, the plants recycle complex PVC waste, despite the EU REACH regulation classifying many plasticisers in PVC as hazardous.
LLDPE Prices See Mixed Trends as Europe and US Market Ease, While Asia Sees Rise

LLDPE Prices See Mixed Trends as Europe and US Market Ease, While Asia Sees Rise

May 2024 saw Linear Low-density Polyethylene (LLDPE) prices drop in US, Europe due to weakened demand and oversupply, while Asia saw a slight rise. Lower feedstock material costs and geopolitical tensions influenced the market trends.
BASF to increase production capacity of performance materials in India

BASF to increase production capacity of performance materials in India

BASF India Limited raises production capacity of Ultramid polyamide and Ultradur polybutylene terephthalate at Gujarat and Maharashtra plants. Its forthcoming Mumbai-based Polyurethane Technical Development Center will bolster polyurethane applications across diverse industries.
Polymer prices: Polyolefin producers’ margins under pressure

Polymer prices: Polyolefin producers’ margins under pressure

Western European standard thermoplastic prices saw a dip this month after a rise in April due to lowered feedstock costs. Despite attempts by Polyolefin producers to raise profit margins, weak demand and economic imports have slashed these margins.
How to make ubiquitous plastics biodegradable

How to make ubiquitous plastics biodegradable

Researchers aim to biotechnologically produce and recycle polystyrene—widely used in packaging—currently possible only via chemical processes. Led by Dr. Xiaodan Li and Professor Dirk Tischler, the team seeks an environment-friendly solution.
Polystyrene Market in China witnesses Steady Price Increase from April to May 2024

Polystyrene Market in China witnesses Steady Price Increase from April to May 2024

China's Polystyrene market experienced a steady price increase from April to May 2024, driven by factors such as rising feedstock costs, strong downstream demand, and supply chain limitations.

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