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Headline Story

Local PET markets remain on soft note in China, SEA

22/08/2014

Local PET prices continued to draw a soft outlook in markets such as China and Southeast Asia over this week. Players blamed unsupportive demand and slightly lower feedstock costs on the week in tandem with the volatile energy complex as the main reasons behind the weak scene...



 

News Stories

China’s Sinopec settles MEG contract for August

2014-08-22

China’s Sinopec has settled its MEG contract for August...

Thai IRPC unexpectedly shuts Rayong PP plant

2014-08-22

Thailand’s IRPC unexpectedly shut their No. 3 PP line in Rayong on August 15 due to...

Trader: SE Asian producer reveals new Sept PP, PE prices

2014-08-22

A trader reported that a Southeast Asian producer announced their new September PP and PE prices to the regional markets with...

Saudi Arabia to open its stock markets to foreign investors

2014-08-22

Saudi Arabia is planning to open its $580 billion stock market to foreign investors outside the six-nation Gulf Cooperation Council for the first time in history as the kingdom...

INEOS, Sasol award contract to KBR for new PE plant in Texas

2014-08-22

Switzerland-based INEOS Olefins & Polymers USA and South Africa’s Sasol have awarded an engineering, procurement and construction (EPC) contract to US-based KBR for a new HDPE plant to be located at...

China’s Sinopec settles PX contract for August

2014-08-22

China’s Sinopec has settled its PX contract for August with...

Initial September butadiene contract nominated in US

2014-08-22

An initial September butadiene contract has been announced in the US...

Dalian Futures Market: PP, LLDPE, PVC

2014-08-22

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

Oct Brent crude rose 35 cents to $102.63/bbl Thursday

2014-08-22

Oct Brent crude rose 35 cents to $102.63/bbl Thursday...

NYMEX Oct crude rose 51 cents to $93.96/bbl Thursday

2014-08-22

NYMEX Oct crude rose 51 cents to $93.96/bbl Thursday...

Indian distributor: local producer reduces PVC prices

2014-08-21

A distributor in India reported that a domestic producer lowered their PVC prices by INR...

Poland’s PKN awards contract to CB&I for propylene unit

2014-08-21

According to a press release dated August 21 on CB&I’s website, the company was awarded a contract by Poland’s Polski Koncern Naftowy Orlen SA (PKN) for...

Manufacturing slows in China, Eurozone for Aug

2014-08-21

A gauge of Chinese manufacturing slowed more than expected in August while the Eurozone’s factory activity also grew at a slower pace...

PVC prices move lower to India

2014-08-21

PVC prices in India have declined over the past week as demand remains sluggish owing to the monsoon season along with softening upstream costs and bearish sentiment in other global markets. The premium carried by Indian PVC prices over the nearby Southeast Asian market…

India’s ONGC reaches on-spec PX, benzene output at Mangalore

2014-08-21

India’s Oil and Natural Gas Corp (ONGC) has reached on-spec PX and benzene production at their new Mangalore plant...

PP PVC PE PS ABS PET
 

Weekly Analysis

China

Gap between PP prices in China, SEA narrows

Import offers for both dutiable and non-dutiable origins were unchanged from the previous Digest at $...

SEA & India

PP buyers anticipating discounts

PP prices edged lower over the past week as more buyers retreated to the sidelines in hopes of obtaining some price relief while some sellers implemented reductions on their prices...

Turkey

Downturn for PP gains speed in Turkey

The downturn in the PP market sped up as more buyers and sellers were reporting lower prices this week following slight discounts last week...

Italy

PP market ends four-month rising trend

The PP market started August on a stable to slightly softer note, ending its upward trend that remained in place over the past four months...

Egypt

Discounts continue on PP import deals

The import PP market continued to see discounts on done deals for August cargoes. A trader reported, “We sold out our Middle Eastern cargoes for this month. The producer was...

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