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Plastic Production
Polymer products production capacity to reach 16m tons
The managing director of Iran’s National Petrochemical Company (NOC) said the country’s polymer production capacity is planned to reach 16 million tons.
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Julong Opens First Plant Outside China in Coahuila to Produce Modified Plastics
Nanjing Julong Science & Technology Co., a Chinese supplier specializing in engineering plastic modification, has taken a strategic step by inaugurating its first plant outside China in Ramos Arizpe, Coahuila. The 4,540-square-meter facility is designed to deliver innovative solutions for the automotive industry — a key sector in the region — and represents an investment...
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Plastics recyclers report difficult conditions
Traders reporting on behalf of the Bureau of International Recycling say low-cost virgin plastics continue to gain market share at the expense of recycled plastics.
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Polymer prices – Weak demand, flexible prices, slow price erosion
The market went on vacation. Due to weak demand, polymer manufacturers and traders have resorted to flexible pricing. Planned and unplanned shutdowns by Central European polymer producers will ease supply pressures and prevent a large price drop.
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From January to July, China’s total export of plastic products was 61.53 billion US dollars, an increase of 7.2%
In July 2024, the output of enterprises in China’s plastic products industry has declined to a certain extent. According to the National Bureau of Statistics, the output completed in the month was 6.319 million tons, down 4.6 percent compared with the same period last year. This downward trend is not only in July, the cumulative...
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EU Parliament approves new rules to reduce, reuse and recycle packaging
European Parliament voted by a large majority on Wednesday (24 April) to approve new rules to reduce packaging waste, partly by promoting the reuse and recycling of certain packaging types. The rules rubberstamped by the Parliament were negotiated and agreed with national governments in March 2024 and include targets to progressively reduce packaging (5% by...
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How might polymer production overcapacity lead to an extended period of low material prices?
Mike Boswell aka @polymerman explains how polymer producers aim to maximise profit by minimising production costs. However, overproduction in a market with excess capacity may lead to lower prices and force less efficient producers to shut down.
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Turnover of Plastics Producers Down more than 20%
German plastics producers are in crisis. Both turnover and production fell significantly in 2023. Plastics Europe Germany is talking about the worst crisis in the industry‘s history. It is hoped that the planned Growth Opportunities Act and the circular economy will stimulate growth.
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