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Export PET prices from China signal stabilization after 6 weeks of declines

Players in the Asian PET markets began exercising caution late last week, with several considering the possibility that the current downturn may be coming to an end after a six-week period of consecutive declines...

  • 20.08.2019

SEA PE market remains under pressure from flood of competitive US offers

Southeast Asia’s PE markets have been receiving an increasing number of US offers since China started to impose %25 tariffs on LLDPE and HDPE imports from the US in August 2018. US producers have raised their shipments to the region, particularly to Vietnam, to compensate for loss of market share in China...

  • 19.08.2019

Indonesian and Thai producers lift Sept PVC prices to SEA

The recent hike announcements came after a Taiwanese major lifted its September offers to Asia...

  • 16.08.2019

Thai PTT to shut LDPE unit for maintenance

The turnaround is slated to last around a month…

  • 15.08.2019

Naphtha hits lowest of 2 years in Europe, 8 months in Asia; eyes on oil

Spot naphtha prices have been falling since early July both in Asia and Europe with cumulative losses reaching 15-16%. The recent levels suggest the lowest levels of 2 years in Europe and 8 months in Asia, according to the weekly average of ChemOrbis Price Index...

  • 13.08.2019

Thai Indorama’s net profit drops more than 70% in Q2

The company reported a net profit of THB2.26 billion, compared to THB8.24 billion in Q2 2018…

  • 09.08.2019

Thailand’s local PP, PE markets tumble on weakening demand

The polyolefin markets hit multi-year lows...

  • 09.08.2019

Thai central bank cuts rates for first time since 2015

The benchmark rate was reduced by 25 basis points...

  • 08.08.2019

Asia’s September PVC outlook takes shape amid dwindling supplies

While players in Asia’s PVC markets have wrapped up their August business with decreases of $30/ton, the September outlook begins to take shape in the midst of tighter supplies, currency devaluations and a few other factors that may play a role in the decision-making process of suppliers...

  • 08.08.2019

Thai IRPC’s Q2 profit down almost 90% on weak petchem business

Net profit declined to THB507 million ($16 million) from THB4 billion ($130 million)…

  • 06.08.2019

Thin demand, volatile styrene keep SE Asia PS market under pressure

Southeast Asia’s import PS market has remained on a stable to softer note as the bearish sentiment persists in the face of tepid demand and the continuing volatility in the spot styrene market...

  • 02.08.2019

Thai Indorama buys Italian Sinterama’s specialty fibers business

The acquisition fee was not disclosed…

  • 30.07.2019

India extends ADD on PTA from Korea, Thailand by five years

The initial duties expired on July 24…

  • 25.07.2019

Asia ABS prices soften going into August

Pressure on the market comes from a number of key developments led by lower styrene prices...

  • 24.07.2019

Export PET offers from Thailand move lower

Falling PTA futures were cited as the main reason behind the recent price reductions...

  • 23.07.2019

Local PE prices firm up in Thailand

The recent price gains in the import market have encouraged local sellers to hike their offers...

  • 12.07.2019

Austrian ALPLA and Thai PTTGC to build recycling plant

The proposed plant will be the first circular plastic recycling plant in Thailand…

  • 03.07.2019

Operating conditions in ASEAN deteriorate in June

The headline PMI slipped into contraction territory...

  • 01.07.2019

Will low ABS demand in Asia outshine cost-driven hikes?

Negative margins on the side of ABS makers coupled with higher spot butadiene prices in Asia helped import prices gain ground starting from mid-June in China. Southeast Asian ABS markets, however, have been unresponsive to the recent firming mainly due to discouraging buying appetite...

  • 28.06.2019

HMC Polymers announces plans for new PP plant in Thailand

The new plant will bring HMC’s total PP capacity to over 1 million tons…

  • 26.06.2019

Asian ethylene-naphtha spread at almost 7-year low

The price spread between the weekly average prices of Asian spot ethylene and naphtha has narrowed to its lowest level since 2012 this week amid 10-year-low ethylene pricing, data from ChemOrbis Price Wizard showed...

  • 25.06.2019

Japanese producer reveals July PVC prices to Asia

New offers from Japan see monthly increases of $10-40/ton...

  • 12.06.2019

ASEAN manufacturing growth hits 9-month high in May

The PMI reading was up at 50.6 owing to higher new orders and output...

  • 07.06.2019

Thai PP, PE markets subdued by slowing economy, competitive imports

In Thailand, demand for PP and PE has been considerably affected by unstable economic sentiments and political uncertainty over the past couple of months. The local polyolefin markets have tracked a mostly stable to slightly softer trend since early 2019 in the face of persistently limited buying interest...

  • 06.06.2019

Thai producer cuts local PE prices

New offers represented a weekly decrease of THB1,000/ton ($32/ton)...

  • 05.06.2019

1024 record found.
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