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Plastics News and Polymer Prices

Bearish pressure mounts on SE Asian PE markets

Bearish sentiment has permeated the PE marketplace across Southeast Asia recently. This is because pressure has grown from Chinese re-export offers and more regional supply coming from new capacities and returning plants. The upstream costs are also poised to contribute to the bearish undertone...
24-11-2021

Oil faces demand pressure from renewed Covid-19 fears

Crude oil prices settled at their lowest in around seven weeks on Friday last week, marking the fourth consecutive week of drops and longest streak of declines since March 2020. The sentiment was directly hit by new Covid-19 waves in Europe, as well as talks regarding coordinated oil reserve releases among some of the world's biggest economies...
23-11-2021

Europe PET market hovers around a decade-high, Asia stumbles

Spot PET bottle markets across Europe were propelled higher by diminishing prompt availability and a lack of resin and feedstock imports. With the support from lingering supply chain disruptions, regional PET bottle markets remained indifferent to the softening in Asia amid lower feedstock costs...
22-11-2021

Turkey's import PE market set to reverse course in December

Turkish polyethylene players have started to express their expectations for the last month of 2021. An increasing number of players are convinced that the markets will come off from their multi-month highs due to unpromising demand as well as relatively eased supply woes...
19-11-2021

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