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Plastics News and Polymer Prices

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

Downstream operations slacken amid virus-hit logistics, low demand in Europe

With Europe becoming the new epicenter of the COVID-19 pandemic, run cuts or closures at downstream plants have been on the agenda. Meanwhile, rising freight rates amid a shortage of containers and increased checks at borders indicate that supply chain disruptions lurk around the corner...
23-03-2020

Turkey's PP, PE markets brace for April drops, eyes on economy and logistics

Polyolefin prices in Turkey have followed a softening trend since the second half of February tracking the weak trend in virus-hit China. A lack of sufficient supplies for certain PP and PE grades amid scheduled turnarounds in the Middle East kept discounts in check despite unsupportive costs...
20-03-2020

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