• 21.10.2014, Tuesday
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Headline Story

November expectations for PP shaping up on the bearish side in Europe


The European PP market has been holding steady so far this month while expectations are shaping up for November. Some players expect to see visible reductions considering the bearish upstream markets and discouraging demand while others think…


News Stories

Conflict over truck transits between Iran, Turkey persists


Following Turkey’s doubling of its transit fee on Iranian trucks to €50/100 km as a response to Iran’s previous move; Iran has implemented an increase on the surcharge applied for...

Saudi producers report financial results for Q3


Saudi Arabia’s Kayan Petrochemicals, Yanbu National Petrochemical (Yansab) and Saudi International Petrochemical (Sipchem) have reported their financial results for the third quarter of 2014...

Italy freight rate update


According to Aprile SpA in Bologna, Italy, freight rates between Northeast Asia and the Mediterranean have been revised for the second half of October with...

Industries Qatar sees 50% earnings increase in Q3


Industries Qatar (IQ) announced its financial results for the nine months of 2014...

EU chemical output edges up in first seven months of 2014


European chemical output posted a slight increase on a yearly basis in the first seven months of 2014...

Irregular European PP origins show up in China


A Shanghai-based trader reported that they are offering an irregular West European homo-PP injection origin to China. The trader’s offers for West European homo-PP injection stand at $...

Taiwanese producer reduces ABS prices to Turkey


A Taiwanese producer reduced their ABS offers to Turkey for the third time in October...

South Korea’s Taekwang declares PTA force majeure from Ulsan


South Korea’s Taekwang has declared a force majeure on PTA output from its Ulsan plant...

Chinese economic growth beats estimates in Q3


The Chinese economy grew at a rate slightly above analysts’ estimates in the third quarter of 2014...

Nigerian ELEME opts for another round of PP decreases


In Nigeria, the local PP and PE producer ELEME had previously adjusted their prices downward by NGN10,000/ton ($61/ton) last week. This week, players reported that the producer issued another round of...

Turkey’s Petkim to restart Aliaga cracker soon


Turkey’s Petkim is planning to restart their steam cracker in Aliaga, Izmir in the near future...

Saudi producer issues November PP, PE prices to Nigeria


A plastic end product manufacturer operating in Lagos, Nigeria, reported that they received November PP and PE prices from a major Saudi producer with...

Chinese PET producer implements further price decreases


A source from a Chinese producer reported that they have implemented further decreases on their export and local PET prices due to...

Taiwanese major reduces Nov PVC prices to China and SEA


An agent of a Taiwanese producer reported that the company has announced their November PVC prices to China and Southeast Asia with decreases of $...

Trader: SE Asian producer reduces Nov PP, LDPE prices to Malaysia


According to a trader, a Southeast Asian producer has announced their November shipment prices to Malaysia with decreases for PP and LDPE compared with the past month...


Weekly Analysis


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...


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...


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...

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