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Headline Story

African players forecast a stronger May outlook


In Africa, players have started to voice their May PP and PE price expectations on a firmer note pointing to the ongoing supply issues in the region. Middle Eastern producers are still reported to provide in limited amounts…


News Stories

India’s petchem industry to almost triple by 2020: ASSOCHAM


According to a report compiled by the Associated Chambers of Commerce and Industry in India, India’s petrochemical industry is expected to reach...

Weekly Market Drivers for the USA


According to Resin Technology Incorporated’s (RTI) weekly market driver report for plastics processors, in the PE market, strong exports, below average inventories, and global ethylene shortages are supporting the...

Egypt’s EPC starts PVC deliveries


In Egypt, a source from local PVC producer EPC stated that they have started their PVC deliveries following their restart two weeks ago...

Malaysian producer raises local PET prices


A source from a Malaysian producer reported that they have raised their local PET prices by MYR...

China’s Fujia Dahua to shut its PX, benzene plant at Dalian


According to market sources, China’s Fujia Dahua Petrochemical is planning to shut its PX plant at Dalian...

Singapore’s industrial output declines in March


According to data released by Singapore’s Economic Development Board, the country’s industrial output posted declined in March for a second consecutive month...

Total to withdraw from fuel retail business in Turkey


According to media reports, Total is looking to sell its fuel distribution business in Turkey. The company claimed that...

Saudi producer announces May PE prices to SEA


A source from a Saudi Arabian producer reported that they have announced their May PE prices to Southeast Asian markets in line with...

LyondellBasell to complete expansion at Channelview by Q2


LyondellBasell Industries is expected to complete the ethylene expansion project at its Channelview cracker in Texas by the end of the second quarter, according to market sources...

European companies willing to invest in Iran’s petchem industry


According to media reports, several companies from Germany, the Netherlands and Italy, some of which also have American partners, are in talks to invest in Iran’s petrochemical industry upon the removal of sanctions against the country...

Turkey’s consumer confidence increases in April


Turkey’s consumer confidence increased in April on a monthly basis, according to data compiled by a Consumer Tendency Survey carried out by the Turkish Statistical Institute in cooperation with the Central Bank of the Republic of Turkey...

US March durable goods orders post largest gain in 8 months


According to a report released by the US Commerce Department, the country’s durable goods orders posted the largest gain in eight months in March...

Turkey’s sectoral confidence indices announced for April


The Turkish Statistical Institute (TUIK) released its confidence indexes for Turkey’s services, construction and retail sectors for April on their website. Since January 2014, the Institute has started to publish sectoral confidence indices on a seasonally adjusted basis in order to...

ExxonMobil, SK Global nominate May PX contracts to Asia


According to market sources, ExxonMobil and South Korea’s SK Global Chemical have announced their May PX contract prices to Asia...

PetroChina to shut PE units in Jilin


According to market sources, China’s PetroChina is planning to shut its PE units in Jilin...


Weekly Analysis


PP buyers turn to the local market in China

PP buyers shifted their attention to the local market as higher import prices expanded the premium carried by the import market over the domestic market, according to data from ChemOrbis Price Index...

SEA & India

May PP increases meet resistance from buyers in SEA

Two regional majors announced significant increases on their May PP prices while buyers offered resistance to higher prices, claiming that demand is not sufficiently strong enough to support sellers’ price hike targets...


Limited PP supplies trigger firm May expectations

Ongoing supply constraints from the Middle East and Europe combined with strong production costs caused firm May expectations to be voiced. Domestic producer Petkim...


PP market hints at further firming for May

Trading activities have slowed down in the PP market this week as most sellers sold out their April allocations with monthly hikes between €...


Decreases on local PP prices continue

Locally held PP prices had seen some softening in line with the arrival of previously purchased cargoes at relatively lower levels. This week, prices continued to soften further while the number of offers...

Daily Prices

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