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Headline Story

European PE sellers intend to keep Nov drops in check

24/10/2014

The bearish expectations for new ethylene contracts in Europe stemming from lower naphtha costs and hampered activity cast a clear shadow on the PE outlook, however, PE sellers have made it clear that they intend to put a cap on price drops citing supply conditions, particularly for HDPE...



 

News Stories

Germany’s BASF restarts Ludwigshafen cracker after turnaorund

2014-10-24

Germany’s BASF has restarted their No. 1 steam cracker in Ludwigshafen, Germany after a planned maintenance shutdown...

LyondellBasell’s Q3 EBITDA exceeds $2 billion for first time

2014-10-24

Netherlands-based LyondellBasell announced its financial results for the third quarter of 2014...

Maintenance season ending in European PET market in Nov

2014-10-24

Several European PET plants were shut for maintenance in the month of October and their scheduled restart dates fall around November, bringing capacity back to...

South Korea’s Hanwha to shut PVC plants as planned

2014-10-24

South Korea’s Hanwha Chemical is planning to shut its five plants in Ulsan in the early part of November...

UK economic growth slows down in Q3

2014-10-24

The UK’s economic growth slowed down in the third quarter of 2014...

SEA producer cuts PS prices to regional markets

2014-10-24

A source from a Southeast Asian producer reported that they lowered their PS prices to their regional markets by around $...

Turkey’s home sales increase in September

2014-10-24

Turkey’s home sales increased in September on a yearly basis...

Philippines’ JG Summit resumes offering PE

2014-10-24

The Philippines’ JG Summit has reportedly resumed offering PE cargoes to the local market after restarting their plant...

US Westlake plans to expand its ethylene capacity

2014-10-24

US Westlake Chemical is planning to expand the ethylene capacity at its site in Lake Charles, Louisiana...

South Korea’s economy grows in Q3

2014-10-24

South Korea’s economic growth picked up in the third quarter of 2014...

Taiwanese producer steps back on Nov PVC prices to China, SEA

2014-10-24

Players in Asia report that a major Taiwanese producer has reduced their November PVC prices to China and Southeast Asia by an additional $...

Two producers nominate Nov MEG contracts in Asia

2014-10-24

Two major producers have nominated their November MEG contracts to Asia...

Trader reduces Taiwanese PS, ABS to China

2014-10-24

An agent of a Taiwanese producer stated that they have implemented significant reductions on their PS and ABS prices to China...

Dalian Futures Market: PP, LLDPE, PVC

2014-10-24

January LLDPE futures on the Dalian Commodity Exchange closed...

December Brent crude rose $2.12 to $86.83/bbl Thursday

2014-10-24

December Brent crude rose $2.12 to $86.83/bbl Thursday...

PP PVC PE PS ABS PET
 

Weekly Analysis

China

Import PP prices post further declines in China

Import PP prices continued to move lower as upstream costs softened while the emergence of new coal based capacities is also maintaining downward pressure on prices. Import homo-PP injection and raffia prices lost $...

SEA & India

Initial Nov PP prices announced lower to SEA

A Saudi Arabian and a Southeast Asian producer have announced their initial prices for November shipments with decreases from the previous month in accordance with softer upstream costs and lackluster demand...

Turkey

Duty free PP fibre offers competitive against Mid-East

The downwards trend persisted for PP with both import and domestic prices recording a new round of decreases. Petkim started the week with $20/ton reductions on PP grades...

Italy

November expectations turn bearish for PP

The PP market is seen holding steady for another week while expectations are shaping up on the bearish side for November...

Daily Prices

 
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