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Plastics News and Polymer Prices

Oil plunge weighs on PET bottle sentiment in Asia, Europe

Asian PET botte prices are under downward pressure as a result of a deep dive in crude oil prices in the latest week -one shortened by the Eid Al Adha holidays in many parts- after rising in the first week of July and then moving sideways. In Europe, the oil plunge has put further pressure on the markets and overshadowed the hike intentions for August...
21-07-2021

ABS reverses losses after 8 weeks in Asia; will upturn be sustainable?

In China and Southeast Asia, ABS prices reversed the course last week after two straight months of declines. This was with support from strong crude fundamentals, which in turn boosted styrene feedstock prices...
20-07-2021

Import delays support European PP suppliers in July

In Northwest Europe and Italy, PP markets have followed a mostly stable to slightly firmer trend in July. Regional suppliers managed to take the edge off the impact of aggressive offers for Central European and non-European origins, supported by delayed imports...
19-07-2021

Asian PET markets in limbo between high costs and tepid demand

PET prices in China and Southeast Asia have followed a mostly steady trend this week after posting some gains in the first half of July. The firming trend has recently faltered since demand has been dampened by the resurgent Covid pandemic in the region...
16-07-2021

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