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Plastics News and Polymer Prices

Bearish sentiment largely pervades Mid-East PP, PE markets in May; eyes on June outlook

Players in the Middle Eastern PP and PE markets received May offers mainly with slight decreases and some sporadic rollovers from April. This is the second month in a row the sentiment remains weakened across the region amid loosening availability. Eyes are now on June amidst questions of whether the markets will follow the global uptick, or the approaching festivities will impede demand further, keeping prices on the weak side...

Heating competition pushes European PVC down after 2 months

The modest recovery seen in European PVC markets proved short-lived as prices reversed direction amid weak fundamentals this month. Producers face the conundrum of heating competition in response to waning demand versus high production costs. Prices saw different sizes of drops after a 2-month long hiatus, during which PVC sellers failed to achieve any margin expansion, even though earlier expectations had told another story...

China’s import PP, PE markets climb to more-than-one-year highs

China’s import PP markets turned upwards following a month-long stability, while imported PE film grades were quoted higher for two weeks in a row. A shortage of import supply, especially for Middle Eastern origins, justified sellers’ hike attempts. Adding to the scenario were the increase in freight rates and a cautious improvement in demand, albeit limited...

S Korea’s petchem industry hits impasse, government to step in for drastic restructuring

South Korea’s petrochemical sector has been floundering since 2023 with plant closures, selloffs and mergers in place as major companies have been strained by negative margins. Business Korea recently argued that the Korean government plans to help restructure the country’s petrochemical industry with extraordinary measures by increasing the competitiveness of Korean products...

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