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Headline Story

Initial European PS prices surface lower for July

03/07/2015

New July prices for European PS cargos started to emerge towards the end of this week with recent offers indicating €60-80/ton reductions month over month. Players in the region were not surprised hearing lower PS offers as styrene monomer contracts were settled down €...



 

News Stories

Turkey’s automotive market grows 51% in H1: ODD

2015-07-03

Turkey’s passenger car and light commercial vehicle markets expanded around...

Thailand’s IRPC awards contract to China’s Sinopec Engineering

2015-07-03

According to a press release on the company’s website,China’s Sinopec Engineering, a wholly owned subsidiary of the Sinopec Group, was awarded engineering, procurement, construction and commissioning (EPCC) contracts by Thailand’s IRPC Public Company Limited for...

More Far East Asian ABS prices revealed in Turkey

2015-07-03

In Turkey, import ABS prices from Far East Asian suppliers continue to be announced for July...

Asian PS producers reduce run rates

2015-07-03

In Asia, several PS producers reportedly reduced their operating rates in the face of...

China’s Yangmei Hengtong launches its new MTO plant

2015-07-03

According to market sources, China’s Shandong Yangmei Hengtong Chemical launched its new methanol-to-olefins (MTO) plant in Linyi, Shandong province on...

Turkey lifts customs duties for specialty LLDPE and PS grades

2015-07-03

According to a statement from the Turkish Plastics Industry Foundation (PAGEV), Turkey’s Ministry of Economy has lifted customs duties on ten specific products for a period of 5 years as per Tariff Suspension and Quota Limitation Systems applied in order to suspend customs duties for the raw materials with inadequate production in Turkey and the European Union (EU)...

China’s new PP capacities push overseas sellers to seek new outlets

2015-07-03

In China, overseas sellers have been struggling to compete with attractive prices for domestic coal based PP cargoes, which are putting pressure on imports since new coal based capacities started to come online. According to players, China will...

Local PVC prices for July announced lower in Thailand

2015-07-03

According to a trader operating in Thailand, local PVC prices for July have been announced with decreases of around THB...

Belgium’s Styrolution plans expansion at Antwerp ABS plant

2015-07-03

According to market sources, Belgium’s Styrolution will expand the capacity of its ABS plant in Antwerp, Belgium during...

Formosa to build new PP plant in US

2015-07-03

According to market sources, Formosa Plastics will build a new PP plant at its petrochemical complex in Point Comfort, Texas...

Explosion at South Korea’s Hanwha Chemical’s PVC plant

2015-07-03

According to media reports, an explosion occurred at South Korea’s Hanwha Chemical’s PVC plant located in Ulsan on July 3...

Dalian Futures Market: PP, LLDPE, PVC

2015-07-03

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

August Brent crude rose 6 cents to $62.07/bbl Thursday

2015-07-03

August Brent crude increased 6 cents to $62.07/bbl Thursday...

NYMEX August crude fell 3 cents to $56.93/bbl Thursday

2015-07-03

NYMEX August crude fell 3 cents to $56.93/bbl Thursday...

Indonesian PP buyers: Import prices still have room to fall

2015-07-02

PP buyers in Indonesia report that they believe that import prices still have room to go down, adding that they are restricting their purchases accordingly...

PP PVC PE PS ABS PET
 

Weekly Analysis

China

Import PP prices sink to lowest level since March

PP prices continued to move lower over the past week, with import prices on a CFR China basis sinking to the lowest levels seen since late March, according to data from ChemOrbis Price Index...

SEA & India

PP buyers expect further reductions in SEA

PP prices continued to slide over the past week while buyers commented that they believe that price still have room to decline. Import prices for homo-PP injection and raffia lost $...

Turkey

Local PP prices touch new lows in Turkey

The domestic market gave further ground this week as Petkim issued drops on PP prices, the first cut following a bullish trend that lasted for 5 months...

Italy

Buyers expect PP decreases to outpace propylene drop

Initial July PP prices and sell ideas are emerging lower after the propylene contracts settled at the end of last week...

Egypt

July PP prices emerge in Egypt

A major Saudi Arabian producer, much to the surprise of the market players, elected to lift up their PP prices by $...

Daily Prices

 
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