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Plastics News and Polymer Prices

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

Will initial hike attempts for PVC work in Italy and West Europe?

Regional PVC markets had rebounded from a 3-year low last month after remaining flat in the first two months of the year. Prices seem to have extended gains into the second month in April, with increases emerging beyond the half of the ethylene hike. Participants flag that current market dynamics will not support margin recovery targets...
09-04-2024

How will global PP, PE and PVC markets respond to oil’s climb above $90?

Brent oil futures rallied over $90/bbl late last week, seeing their highest levels since November, driven by a tight supply outlook, with speculations about OPEC+ extending its output cuts to year-end and drone attacks on Russian refineries keeping jitters in place. Although global PP, PVC, and PE markets are still pervaded by tepid demand from downstream sectors, high upstream costs have been helping suppliers to some extent...
08-04-2024

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