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Plastics News and Polymer Prices

Strong costs overshadow weak demand, pushing Asian PS, ABS markets to multi-month highs

A continuous upturn has mostly dominated PS and ABS markets across Asia since late December 2023. During the week ending on April 12, rallying energy prices substantially pushed upstream costs upward and underpinned fresh hikes in styrenics markets. Adding to the scenario is the cautious improvement in buying interest, although the overall state of demand has remained stagnant...
15-04-2024

Asian ethylene stable amid more US cargo arrivals; China propylene edges up

Northeast and Southeast Asian ethylene prices have stayed flat this week despite the threat of increased ex-US Gulf ethylene cargo arrivals into China/NEA for June, and trader reports that more cargo fixtures are under negotiations for July arrival. China’s propylene prices have edged higher on some short covering for late April delivery, commented traders...
12-04-2024

Delta between import PPH raffia in China and SEA at narrowest since Dec 2023

Data obtained from ChemOrbis Price Index reveals that Southeast Asia’s import PP-homo raffia and inj. premium over China has notably decreased over the past couple of weeks. The primary reason behind this is the steady decreases in the former on the back of faltering demand and holiday lull...
11-04-2024

Styrene remains on upswing on crude, curtailed supply across board

Global styrene markets have been marching higher in Europe, Asia and the US, as rallying crude oil futures and production hiccups fueled relentless hikes starting in mid-March. Supply chain issues driven by the Red Sea crisis added to the bullish scene, with players feeling edgy about the widening price gap between Europe and Asia...
10-04-2024

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