Weekly Resin Summaries…
Players started to discuss July outlook as they monitor upstream developments closely....
The company also applied for a tax-incentive program…
The latest offers indicate €80-110/ton ($91-124/ton) declines on the month...
The unit resumed production after a two-week-long shutdown…
This news was not directly confirmed by the producer…
Weekly Resin Summaries…
Prices have been on a bearish path since late April...
In Europe, two major producers pioneered decreases in the PS and ABS markets following €143/ton lower June styrene contracts. Decreases came after prices hit multi-month highs during May...
The producer applied three-digit decreases on its new offers...
The company followed upstream costs lower in the region…
The new settlement has been agreed at €1042/ton...
Weekly Resin Summaries…
Destocking activities gained speed towards the end of May…
All figures posted increases from March, except for LDPE, LLDPE and HDPE...
Thin demand was cited as the reason behind lower prices…
April data indicate the highest monthly volume since 2001…
Weekly Resin Summaries…
The latest offers represented visible drops from May…
Bearish expectations keep buyers sidelined…
PS and ABS markets in Asia have maintained their softening this week as demand across the region has further weakened amid intensifying trade tensions between China and the US...
Buyers are shying away from purchasing material amid decrease expectations…
The recent declines in styrene prices are weighing on PS sentiment...
According to ChemOrbis Price Wizard, the weekly averages of European and Asian spot styrene markets have declined to their lowest levels since the beginning of this year, also marking the biggest two-week decrease since November 2018 for both regions amid weak demand...
Weekly Resin Summaries…
