Polymers Market : Plastics News and Resin Prices

Lackluster demand outweighs tightness in Asian ABS markets
by Merve Madakbaşı
Asia’s import ABS markets have followed softening local prices in China after the uptrend faltered in early July when prices reached multi-month highs. Although fading support from demand has predominated the pricing trend more since last week, restricted supplies and high costs have kept the size of discounts small heading to August...
28-07-2020

Will costs drum up support for a 3rd-month-firming in Europe PET market?
by Esra Ersöz
According to ChemOrbis Price Index, spot PET prices in Europe have gained around 5% since the upturn kicked off in June. This size of increase is quite modest when compared to the cumulative gains of other polymers, which have largely exceeded 10%. This can be attributed to the fact that the uptrend in the PET market was triggered by higher upstream costs, rather than supply-demand dynamics...
27-07-2020

Import PE markets give softening signals in China, SE Asia
by Merve Sezgün
China’s local PE market has recently snapped a 9-week rally due to falling Dalian futures and fading buying appetite. Slightly lower local prices have weighed on the import sentiment, with buyers adopting a more cautious approach to fresh purchases...
24-07-2020

PVC supplies tight, demand robust across Europe
by Esra Ersöz
Players in Europe widely confirm that PVC supplies are reduced and demand from various sectors is healthy in July. After two months of increases, the biggest question is now whether these factors will help local spot PVC prices extend gains into August...
23-07-2020

China’s local PP, PE markets snap nine-week rally
by Pınar Polat
Despite positive economic data and rising Asian stocks, local PP and PE markets in China came under a downward pressure last week as a result of retreating Dalian futures and rising local inventory. This was soon reflected in prices and a stable to softer trend emerged this week, following the steady gains that had been reported since the second half of May...
22-07-2020