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Middle East PP and PE markets continue to increase in March because of tight supply

MARKET POTENTIAL OF PRINTING PACKAGING INDUSTRY

In addition, according to statistics, there are currently more than 1,000 packaging manufacturing companies in Vietnam, creating a lot of breakthroughs for brands and creating many job opportunities for a lot of workers, but the market Packaging production has not received much attention and is being ignored by brands and industries.

3D PRINTING TECHNOLOGY IN VIETNAM AND APPLICATIONS IN THE DIGITAL AGE

3D printing technology is the "key" of technology for the future that any business, any manufacturing industry and any country must pay special attention to.

GLOBAL PLASTICS INDUSTRY - STATISTICS & FACTS

The global plastic market was valued at 580 billion U.S. dollars in 2020 and is expected to experience considerable growth over the next decade.

TOP TRENDS IN PACKAGING AND LABEL PRINTING

Preliminary statistics of Vietnam's plastic market from the General Department of Customs show that the growth rate of plastic export turnover has increased sharply in recent years (average from 14% - 15%/year). Many Vietnamese consumers are looking for higher quality labels and packaging products.

The PS price decline in Asia has slowed; ABS is plummeting.

The styrene markets in China and Southeast Asia remained bearish in the week ending June 2. Although sluggish demand continued to affect prices, the pace of PS price declines has slowed recently. due to an increase in the spot price of styrene. Meanwhile, ABS, which has dropped in price over the past seven weeks, is still plummeting.

BINH DUONG PACKAGING INDUSTRY ATTENTION FOREIGN CAPITAL

The paper and carton packaging segment is still attractive to many foreign investors. In which, the segment of plastic packaging, paper packaging and cartons accounted for 81.6% of sales revenue.

Indian PVC sees first price rally after weeks of decline

Import PVC prices in India recently increased slightly after 10 consecutive weeks of decline. Most sellers adopted a bullish stance on quotes this week following some earlier forecasts that the market could bottom soon after the major Taiwanese producer dropped $130/ton in July.

The downtrend of PP, PE Middle East market continues in July

Last week, July price announcements started rolling out in the Middle East with most sellers announcing price cuts, mainly due to persistently weak demand and activity. Supply was largely reported to be ample while some regional markets reported mixed conditions.