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Polymers & Packaging News Today

Latest Market News Of Polymers & Packaging

Daily ReportNews

Petrochemical Buyers Face Narrowing Window for Negotiations

Petrochemical Buyers Face Narrowing Window for Negotiations

Petrochemical buyers face narrowing negotiation windows as crude oil surges and benzene spot prices rise to $4.93 per gallon, threatening August pricing despite favorable July resin conditions.
India’s rPET capacity still underused despite 40% recycled content mandate

India’s rPET capacity still underused despite 40% recycled content mandate

India's rPET industry faces weak demand and underused capacity despite a 40% recycled content mandate for food-grade rigid plastic packaging.
LyondellBasell sees prolonged PE supply shock as orders surge, prices rise

LyondellBasell sees prolonged PE supply shock as orders surge, prices rise

LyondellBasell reports over 20% global polyethylene capacity disrupted by Middle East conflict, causing a prolonged supply shock. This has led to surging orders and rising prices for PE and related petrochemicals.
Teknor Apex, DCM Shriram form PolyTek compounding JV in India

Teknor Apex, DCM Shriram form PolyTek compounding JV in India

Teknor Apex Co. and DCM Shriram Ltd. have established PolyTek, a new joint venture in India, to focus on polymer compounding, marking a significant partnership in the industry.
Global plastics industry rattled by Iran war as shortages mount, US exporters benefit

Global plastics industry rattled by Iran war as shortages mount, US exporters benefit

The global plastics industry is rattled by the Iran war, causing raw material shortages, rising costs, and supply chain disruptions. US exporters are benefiting from these market changes.
Damage to petrochemical plants complicates any plan for recovery

Damage to petrochemical plants complicates any plan for recovery

Missile damage to Persian Gulf petrochemical plants, including sites in UAE (April 5) and Saudi Arabia (April 7), complicates recovery. Strait of Hormuz travel is questionable, halting shipments. This uncertainty drives North American resin demand and price increases.
Starlinger opens India plant to ‘maintain a competitive edge price wise’

Starlinger opens India plant to ‘maintain a competitive edge price wise’

Austria's Starlinger Group has opened a new plant in India to manufacture polypropylene tape extrusion machinery. This strategic move aims to enhance competitiveness and maintain a price advantage in India's sensitive market.
Europe’s Chemicals Sector Suffers Another Setback

Europe’s Chemicals Sector Suffers Another Setback

Dow and Vynova are closing European chemical plants due to market challenges, impacting over 1,100 jobs and 465,000 tonnes of annual PVC capacity. Ineos's €4 billion ethane cracker nears completion.
Sabic shutting down ethylene plant in England

Sabic shutting down ethylene plant in England

Sabic is shutting down its Olefins 6 ethylene cracker plant in Wilton, Teesside, northeast England.
Resin Price Report: Active Trading Pushes Prices Higher

Resin Price Report: Active Trading Pushes Prices Higher

Spot PE resin prices rose by $0.015/lb, while PP prices increased by $0.02/lb due to active trading and tightening supplies. Strong export demand and rising feedstock costs contributed to the price increases.

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