Top News - GAP Polymers
Don’t read plastics industry newspapers, don’t search for materials prices. If something important happens in the Plastic industry, GAP Polymers will tell you in our weekly updated newsletter. We try our hardest to keep you apprised. Here are the top 5 news that happened this week:
1-Sabic produces new polymer solution for building sector
Sabic has produced a new solution for building and construction sector which is carbon black grade N330. This grade will improve the quality of concrete structures. it increases strength by 7%, improves appearance and reduces setting time by more than 40%.
Worth mentioning that carbon black is widely used as a polymer filler, black color pigment and UV stabilizer to avoid the polymers’ degradation under UV light influence.
2- Avient announced 1st quarter growth & made $1.5 Billion deal to buy DSM PE material
While achieving 11% yearly growth in 2022 first quarter as sales grew to $1.3bn, Avient announced to purchase DSM protective materials to expand its composites portfolio. This material that called "Dyneema" which is constructed from PE especially Ultra High Molecular Weight Polyethylene (UHMWPE) and Polyester. It is 15 times stronger than steel and light. It is used in automotive sector.
3-Ethylene Prices slide in Europe
Ethylene prices get lower in Europe this week. The reason is the drop in upstream crude values. Meanwhile in Asia ethylene prices were assessed stable despite the fall in upstream energy rates.
4-Low Density Polyethylene (LDPE) decline in Asia
LDPE prices dropped in Asian region. This drop is due to the lower import offers from overseas suppliers the weaker buying sentiments.
HDPE, LDPE & LLDPE prices quote stable in Gulf Cooperation Council region. The reason behind this is the steady buying activity in the region.
This is the week of polymers news coverage from GAP Polymers.
#GAPPolymersNews #fridaycoverage #topnewsofgappolymers #newscoverage
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