Headline StoryPP prices move higher after the holidays in SEA03/02/2012 
In Southeast Asia, both import and local PP prices have moved higher in the first week after the Chinese New Year holidays. Players cited stronger propylene feedstock costs along with rising prices in the nearby Chinese market as the main reasons for the rise in prices... News StoriesGail to double PE capacity in India2012-02-03 India’s Gail is planning to double its PE capacity by December 2013... YNCC cuts cracker run rates due to rough weather2012-02-03 South Korea’s Yeochun Naphtha Cracking Centre, YNCC, has lowered the operating rate of its No 1 naphtha-fed steam cracker at Yeosu... Asian PS prices emerge at higher levels in Egypt2012-02-03 Egypt has seen an improved number of Asian PS offers this week after a lack of prices from the region last week due to the Chinese New Year holiday. New prices made it to the market at higher levels for both GPPS and HIPS... Buyers find local PP more competitive than imports in China2012-02-03 Several PP buyers in China report that they are sourcing from the local market rather than the import market these days as they find local prices to be more competitive than import prices following the significant increases in import prices... Feb hike targets surface for European PS prices2012-02-03 Following the settlement of the February styrene contract prices, European PS producers have nominated increases on their February prices... Iranian GPPS prices surface in China’s import market2012-02-03 A converter manufacturing tableware in China reported that they received an offer for Iranian GPPS from the import market this week... Italian PE, PS players report lower supply on producers’ side2012-02-03 Players in Italy’s polymer markets have been reporting that availability from their regular PE and PS suppliers has not been too high for some time. This fact is providing... Further February styrene contracts settling in Europe2012-02-03 Further February styrene contracts have been setting in Europe... Chinese PVC sellers withdrawing from the market2012-02-03 In China, PVC sellers are minimizing their exposure to the market in response to lackluster demand... NYMEX March crude fell $1.25 to $96.36/bbl Thursday2012-02-03 NYMEX March crude fell $1.25 to $96.36/bbl Thursday Buyers not rushing to buy PP in Indonesia, Vietnam2012-02-03 PP prices have moved higher for February in Indonesian and Vietnamese local markets. However, demand... A SE Asian producer halts PVC production, sells VCM2012-02-03 A Southeast Asian producer reported running its VCM line at full rates while suspending its PVC production for almost a week. A company source said... A major Taiwanese producer lifts PS offers to Southeast Asia2012-02-03 A major PS producer in Taiwan reported raising its PS offers to Southeast Asia by... Initial February styrene contract settles in Europe2012-02-02 An initial February styrene contract price has been settled in Europe... January ethylene contracts start settling in US2012-02-02 January ethylene contract prices have started settling in the US... Weekly AnalysisChinaStronger propylene pushes PP prices higherPP prices gained ground in the first few days after the holidays in accordance with the market’s expectations. Stronger spot propylene prices were cited as the main reason for the upward movement in prices since... SEA & IndiaImport, local PP prices move higher after the holidaysSpot PP prices gained ground over the past week as expectations of higher post-holiday prices in the nearby Chinese market along with... TurkeyInitial Saudi Arabian PP prices revealed for FebFebruary PP prices from Saudi Arabia started to be announced with noticeable increases over January late last week. Consequently, the overall non-European ranges surged by significant amounts. Import PP raffia prices at $... Italy
Italy’s PP market meets a new high end for FebAfter the new propylene contracts were settled last Friday with a large increase over January, some PP buyers rushed to their regular European suppliers to buy additional material but... Egypt
Middle Eastern producers return to the market with higher Feb PP pricesMiddle Eastern producers revealed higher February PP prices in line with the market expectations and the increasing prices in other global markets... Daily PricesChina
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