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Plastics News and Polymer Prices

Conditions in place for oil rally to continue, but potential headwinds lie ahead

Global crude oil prices tallied a third weekly gain to finish at more than a two-year high on Friday, June 11. The increases were supported by a new report, which forecast oil demand surpassing pre-pandemic levels by the end of 2022. Although conditions seem to be in place for gains to extend into a fourth week, analysts warn of potential headwinds that could threaten the rally...
15-06-2021

Spot PE markets recede from all-time high in Europe

Europe’s PE markets have reversed the course after seven straight months of hikes to recede from their all-time highs on the back of aggressive import offers and growing resistance against inflated prices...
14-06-2021

Turkey’s PP market starts to stabilize, will other polymers follow suit?

PP prices in Turkey have signaled stabilization in the last two weeks following a nosedive back in May. More players seem convinced that the market has recently reached its bottom. Now this is the question arising about the trajectory of other polymer markets, which have also sunk to multi-month lows: "Can PE and PVC follow suit?"...
11-06-2021

Asian ethylene and propylene slide into steeper backwardation on demand, oversupply

Asian ethylene and propylene forward curves have stayed in backwardation for the past few weeks. Sentiment has remained bearish as demand concerns persist over the lackluster performance of downstream markets. Adding to the pricing pressure is also concern over lengthening supply in Northeast Asia, of both ethylene and propylene...
10-06-2021

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