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Plastics News and Polymer Prices

West African PP, PE markets remain strong in October

In Nigeria, West Africa’s largest polymer market, October was marked by a shortage of supplies, escalating costs in logistics, and a challenging macroeconomic environment that dampened the buying interest...
19-10-2021

European players evaluate impact of energy surcharge on polymer markets

In Europe, the unprecedented surge in energy costs has rattled regional polymer markets that have been facing other setbacks driven by the pandemic. Several producers announced their plans to implement an energy surcharge on their prices, addressing the sudden and abrupt hikes in natural gas and electricity prices leading to a significant erosion of margins...
18-10-2021

Global PET markets surge on heels of costs, tightness

PET markets have posted increases after moving mostly sideways during September as soaring upstream costs fuelled a firmer trend. Supply woes have gained prominence, while elevated freight rates amid shipping bottlenecks coupled with active demand added to the uptrend in Asia, Europe and Turkey moving into H2 October...
15-10-2021

SE Asia PP uptrend fueled by China’s strong return

The uptrend in Southeast Asia’s PP markets has gained momentum, drawing strength from the bullish post-holiday sentiment in China. Both import and local markets across the region have seen notable hikes so far this week amid tight supplies, strong upstream costs and recovering demand with easing Covid-19 restrictions...
14-10-2021

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