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Plastics News and Polymer Prices

US PE pioneers aggressive prices globally, responding to energy slump

Major PE markets around the world were mostly unfazed by the collapsing energy prices in the previous couple of weeks. The main reason behind this mild reaction was a severe disruption to global logistics. Plus, tight measures against the COVID-19 pandemic led to a jump in global freight rates, defying tumbling crude oil futures...
27-03-2020

Asian PS markets fall to lowest in more than a decade, ABS hits 4-year low

In China and Southeast Asia, import PS and ABS prices have continued to move lower due to a combination of virus-hit demand and plunging feedstock costs. Although industrial activity appears to be increasing amid fewer cases in China, overall demand across Asia remains weak, players noted...
26-03-2020

Where will global PP prices head after crude saw 18 year-lows? Any clue from past?

Global markets are facing unprecedented times. US crude oil saw as low as $20/bbl by the middle of last week, despite paring some of its losses in the latter part of the week...
25-03-2020

Economic fight against coronavirus: Policymakers take action across globe

First identified in China, in December 2019, the ongoing pandemic of coronavirus disease (COVID-19) has brought on a tremendous threat against global health and welfare. With more than 370,000 cases reported and more than 16,000 deaths as of March 23, the pandemic remains a public health emergency on a global scale. It also presents a challenge to the global economy...
24-03-2020

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