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Borouge International Delays IPO Until Next Year! ERA Partners with East African Leader! BASF Expands in China
International News Briefs: Raw Materials: ADNOC and OMV Delay $60B Abu Dhabi Petrochemical Giant IPO Packaging: ALPLA Celebrates Opening of New Plant in the Philippines Food: Boxon Launches First Food-Grade rPET Flexible Bulk Bags, Accelerating Flexi
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Boxon Launches First Food-Grade rPET Flexible Bulk Bag, Accelerating Soft Packaging Circular Economy
French packaging company Boxon has launched the industry's first recycled PET (rPET) bulk bag to receive direct food contact certification, marking a significant breakthrough in the circular economy for flexible packaging. This new rPET bulk bag (als
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XRG To Acquire Covestro Via Squeeze-Out Tender Offer
XRG Public Joint Stock Company, Abu Dhabi, United Arab Emirates (hereinafter referred to as “XRG”), has submitted a formal application to the Management Board of Covestro AG (Securities Identification Code: DE0006062144 / German Securities Identific
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Xpeng Motors Establishes Robotaxi Business Unit, Plans to Launch Passenger Demonstration Operations in the Second Half of the Year
On March 23, according to Cailian Press, XPeng Motors established a Robotaxi Business Unit today to oversee its Robotaxi operations.Product definition, project integration, R&D testing, and operations workThis department operates under a lightwei
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East China Recycled Material Market Remains Stable, Shanghai Recycled PE Quoted At USD 3,300–6,800
Summary: Morning prices for the recycled plastics market in East China on March 23! The East China recycled plastics market remained stable. Recycled PE in Shanghai was quoted at 3,300–6,800 RMB/ton, recycled EPS in Shandong at 4,050–5,750 RMB/ton, a
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1,960
Current Supply171,212
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【Some Gulf States Want United States to Continue War Against Iran 】According to U.S. media on the 30th, some Gulf countries including the United Arab Emirates and Saudi Arabia hope the United States continues to wage war on Iran, with the UAE "strongly pushing" for a U.S. ground war, and Kuwait and Bahrain also supporting the move.
2026-03-31 16:04:15 -
【Polypropylene: Shutdowns and Load Reductions Continue to Rise, Bolstering Price Support from Supply Side 】 March 31 – In March, the domestic polypropylene (PP) market exhibited a broad-based upward trend, with the monthly average price rising on a month-on-month basis. As of March 31, the monthly average price of PP homopolymer (wire-drawing grade) in the East China region stood at RMB 8,416.14 per ton, up 27.64% from February and 14.56% year-on-year. Affected by raw material shortages and rising costs, the number of enterprises implementing unplanned load reductions or shutdowns increased significantly in March. Coupled with an increase in scheduled maintenance units, the operating load of PP production facilities declined markedly month-on-month, and the sustained supply contraction provided strong support to the PP market. Looking ahead to April, overall supply pressure is expected to further ease. No new production capacity is scheduled to be commissioned during the month; upstream feedstocks—including crude oil and propane—are anticipated to remain relatively tight in supply; and the number of producers undertaking shutdowns or load reductions is expected to rise further. Maintenance-related production losses for PP are projected at 1.1578 million tons, an increase of 17.46% compared to March. Output is forecast at 2.8212 million tons, down 7.21% month-on-month, with daily output decreasing by 4.12% month-on-month. Consequently, supply pressure will further ease. Overall, supply remains tight in April, providing robust price support.
2026-03-31 13:59:01
