Polymers Market : Plastics News and Resin Prices

Global PET markets surge on heels of costs, tightness
by Merve Madakbaşı
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
by Merve Sezgün
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

US PE offers back in the game in global markets
by Merve Madakbaşı  and Esra Ersöz
Export PE prices out of the US have started to reappear in major markets as October began, albeit not necessarily in bulky volumes or with aggressive prices. Although most upstream and PE units already resumed operations following the heavy hurricane season that tailed off in late Q2, players hardly heard PE offers in the spot market across the globe until recently...
13-10-2021

Egypt’s PP, PE markets rise to 5-month high in October
by Başak Ceylan
Egyptian polyolefin markets kicked off October on a firm note, with the Middle Eastern producers announcing price increases over last month. The recent increases in import prices lifted the overall price ranges to their highest in almost five months, according to ChemOrbis Price Index...
12-10-2021

Oct PE pricing under discussion amid rising costs, tepid demand in Europe
by Manolya Tufan
After closing September on a stable to softer note, PE markets across Europe witnessed a shift in sentiment as October started. Rising production costs, scarcity of imports, and global firming were blamed for suppliers’ firm stance...
11-10-2021