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COVID-19 - News digest as of 15.06.2021

June 15/2021

1. US PP exports down by nearly 13% YOY in Jan-Apr 2021

MOSCOW (MRC) -- US polypropylene (PP) exports reached 516,389 mt in the first four months of 2021, down by 12.9% from 593,327 mt a year earlier, reported S&P Global with reference to ITC data. In January-April 2019, the US exported 553,460 mt of PP, up by 7% from 516,389 mt in the same period of 2021, but down by 6.7% from 593,327 mt in the January-April period of 2020, the date showed. PP demand crashed amid the height of pandemic-related shutdowns in April 2020, but began rebounding as shutdowns eased and demand rose for durable goods like vehicles, homes and appliances.

http://www.mrcplast.com/news-news_open-389168.html

2. Indorama Ventures donates 1,000 vital PPE suits to medical personnel fighting Covid-19

MOSCOW (MRC) -- Indorama Ventures Public Company Limited (IVL), a global chemical producer, donated 1,000 PPE suits made from recycled PET yarns to medical personnel fighting COVID-19, said the company. The yarns are made from used PET bottles which are collected from around the country and recycled, including through partners such as Big C Supercenter and The Street Ratchada as part of their CSR programs. The high-quality yarns used to make the PPE suits are made from recycled PET bottles at IVL�s facility in Nakhon Pathom, which is Thailand�s only producer of recycled yarns for medical use. The medical graded PPE suits have been tailored by a producer certified by Thailand"s Food and Drug Administration. The company recycles more 1.6 billion post-consumer PET bottles every year, including 60,000 post-consumer bottles collected and donated by The Street Ratchada and Big C.

http://www.mrcplast.com/news-news_open-389148.html

3. Crude oil stays near multi-year highs on improved outlook demand recovery

MOSCOW (MRC) -- Oil prices held near multi-year highs, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs, reported Reuters. Brent crude was up 14 cents, or 0.2%, at USD72.83 by 0123 GMT. It rose 1.1% last week and hit the highest since May 2019 of USD73.09 on Friday. US West Texas Intermediate was also up 14 cents, or 0.2%, at USD71.05 a barrel, after reaching the highest since October 2018 at USD71.24 on Friday and rising 1.9% on the week.

http://www.mrcplast.com/news-news_open-389178.html


mrcplast.com
Author:Margaret Volkova
Tags:Asia, Europe, PP, crude and gaz condensate, petrochemistry, Indorama Ventures PLC, COVID-19, USA.
Category:General News
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