• 22.12.2014, Monday
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Headline Story

Local and export PET prices hit 5-year lows in China


According to ChemOrbis Price Wizard, China’s export and local PET prices hit their lowest levels since early 2009. Decreasing PET prices have been reinforced by…


News Stories

Indonesia’s Chandra Asri shuts cracker in Cilegon


Indonesia’s Chandra Asri shut its naphtha cracker in Cilegon on December 19 due to a...

Egypt signs shale gas deal with Apache and Shell


Egypt has signed its first shale gas extraction deal with Shell Egypt and Apache on December 17. The investment...

Italy’s PS market yet to hit bottom after three-digit drops


In Italy, December PS business is being wrapped up with three digit decreases while sellers avoided conceding to...

EU leaders seek to finalize FTA with US by end 2015


During a summit in Brussels on Thursday European Union leaders voiced hopes that a planned free trade deal between the EU and the US would be finalized by the end of 2015...

Nigeria cuts economic growth forecast for 2015


The Nigerian government has cut its economic growth forecast for 2015 due to...

Italy’s PE market giving bearish signals for January


In Italy, plunging upstream costs started to weigh down sentiment in the PE market shortly ahead of the Christmas holidays after tight supply...

South Korean producer cuts export PET prices


A source from a South Korean producer reported that they lowered their export PET prices by $...

Europe’s commercial vehicle sales slow in Nov


Commercial vehicle sales in the European Union slowed in November, according to data from the European Automobile Manufacturers’ Association (ACEA)...

BASF to sell shares in Singapore JV Ellba Eastern


Germany-based BASF and Shell have reached an agreement whereby...

SEA producer reveals Jan PP, PE prices to regional markets


A Southeast Asian producer has announced their new January PP and PE prices to the regional markets with sharp decreases of $...

Italy’s factory orders edge up in October


According to data released by Italy’s national statistics office, ISTAT, factory orders in the country posted a slight increase in October...

Dalian Futures Market: PP, LLDPE, PVC


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

February Brent crude decreased $1.91 to $59.27/bbl Thursday


February Brent crude decreased $1.91 to $59.27/bbl Thursday...

NYMEX January crude declined $2.36 to $54.11/bbl Thursday


NYMEX January crude declined $2.36 to $54.11/bbl Thursday...

European players expect weak PVC market in January


Most players have wrapped up their December business with €20-30/ton decreases in European PVC markets this week. Converters in the region avoided pre-buying activities given the fact that steadily falling upstream costs draw a bearish picture for January ahead of Christmas Holidays...


Weekly Analysis


PP prices chase propylene costs lower

PP prices continued to decline owing to plunging spot propylene costs and lackluster demand. According to data from ChemOrbis Price Wizard, spot propylene prices on an FOB South Korea basis have lost an average of $...

SEA & India

Thai, Indonesian producers lower domestic PP prices

Producers in Thailand and Indonesia announced reductions on their local PP prices to keep pace with globally declining trends. An Indonesian producer opened the week by lowering their homo-PP prices by $...


New lows anticipated in the PP market

PP prices hit fresh lows due to relentless and drastic drops in the upstream chain. Petkim issued $75/ton drops on Monday, which pulled the distribution market down by $...


PP market signals renewed downward trend for Jan 2015

December PP deals are being wrapped up with monthly decreases of up to €50/ton ahead of the Christmas holidays...


Import PP market sees further adjustments

The import PP market saw further downward adjustments this week while some producers sold out their cargoes with additional decreases at the end of last week. A major Saudi Arabian producer...

Daily Prices

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