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Plastics News and Polymer Prices

Turkey’s PP, PE markets open 2021 with supply-driven hikes

Import and local polyolefin markets of Turkey extended their gains into the new year mainly on the heels of supply constraints. PE saw larger increases than PP for January, while a general cautiousness pervaded both markets regarding the medium term...
08-01-2021

Vietnam’s local homo-PP market retreats for 3rd week on subdued demand

In Vietnam, local homo-PP prices have been witnessing reductions since after the market hit a more-than-two-year high in mid-December while waning demand is the main driver of this downturn. Two factors have weighed on buying interest recently: softening sentiment in China and reduced end-product manufacturing at home...
07-01-2021

China’s PE demand wavers amid controls on environmental pollution and electricity use

In China, import PE prices retreated from multi-year highs in mid-December 2020 and have tracked a stable to softer trend since then. Weakening demand amid environmental inspections to prevent pollution and a lack of electricity has continued to pull the sentiment down, leading to further corrections in spot prices...
06-01-2021

January trend takes shape in Egypt’s PP, PE markets

In Egypt, polyolefin markets made a strong start to 2021. Middle Eastern and US suppliers started to approach the markets with increased offers, as largely expected, amid tight allocations. Meanwhile, local producers tracked the gains in import market levels for January...
05-01-2021

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