Plastics News and Polymer Prices

Turkey’s stormy week: Hike attempts emerge after 4 months in PP, PE markets
by Merve Madakbaşı  and Esra Ersöz
Polyolefin markets of Turkey were on a prolonged downward trend since mid-May due to persistently hesitant demand amid economic challenges and plentiful supply. This week, however, sellers have renewed confidence as the attacks on Saudi Aramco rattled oil markets and fueled supply concerns although the firming sentiment has lost steam to some extent later in the week...
20-09-2019

PVC markets fail to extend gains to Oct on economic woes, low demand in Asia
by Merve Sezgün  and Esra Ersöz
In India, China and Southeast Asia, a major Taiwanese producer adopted different pricing policies for October after delaying its announcement by a few days as crude oil futures sharply fluctuated early this week owing to the weekend attacks on Saudi oil facilities...
19-09-2019

Sentiment cautiously rebounds in Asian PP, PE markets
by Pınar Polat  and Esra Ersöz
Heading into the second half of September, PP and PE prices across China and Southeast Asia found some support from skyrocketing crude oil futures early in the week before oil prices erased half of their gains late on Tuesday...
18-09-2019

Asian monomer markets react after crude oil surge
by Başak Ceylan
Monomer markets in Asia have got off to a fast start this week, following the news that Saudi Aramco’s oil facilities in eastern Saudi Arabia became the target of highly disruptive drone attacks on the night of September 14. The attack cost Saudi Aramco nearly half of its daily oil output, which in turn resulted in a global daily loss of 5%, and sent the Asian monomer markets into a jitter...
17-09-2019

September hikes meet resistance for ABS in Europe
by Manolya Tufan
Two European producers approached the market with increases following higher styrene and benzene contracts for September. However, some buyers are bidding for smaller increases or even rollovers as many buyers are refraining from replenishing stocks amid poor performance of the automotive industry...
16-09-2019