Polymers, Plastics News and Resin Prices
Freight rates fall from July peak, but remain elevated by Elif Şahinduran and Esra Ersöz
Freight rates, which peaked in mid-July following a conspicuous rally that began in early May, have been declining since then, driven by the slump in ex-China routes. Market experts believe that the downturn will persist; however, freight rates will not fall as swiftly as they rose in the past few months given the ongoing port congestion in Asia and the rest of the world as well as other logistics disruptions. So, the question is: Is there a way to return to the levels seen before the Red-Sea crisis?... 19-08-2024
PVC prices hit three-month lows in Türkiye, what lies ahead? by Merve Madakbaşı
In August, import PVC K67 prices have sunk to their lowest levels since May as lackluster downstream demand amid financial challenges and adequate resin supply has dragged prices further down in Türkiye. Players do not expect any major changes in the current market dynamics in the near term, as bearish September projections in Asia have weakened the sentiment. On the other hand, some sellers are hopeful for a slight improvement in demand in September... 16-08-2024
Yuan strengthens further against USD; how will China’s petchem exports be affected? by Elif Şahinduran and Esra Ersöz
The Chinese yuan has begun to strengthen against the dollar over the last month as the greenback has weakened due to growing expectations of potential interest rate cuts in the US. Particularly since early August, the appreciating yuan has been cutting into the profits of Chinese companies seeking growth from exports... 15-08-2024
Asian PVC players expect September price cuts from a Taiwanese major by Shibu Itty Kuttickal
PVC prices in Asia are expected to continue their downtrend in the coming weeks, with most players predicting that a major Taiwanese producer will reduce prices for its September import allocations to regional markets... 14-08-2024
PP prices fall to year-to-date lows in Vietnam by Thi Huong Nguyen
A bearish wind has continued to blow across Vietnam’s PP markets, with prices having tracked a stable-to-lower trend since June, mainly due to poor supply-demand fundamentals. In the meantime, most players have shown a lack of confidence in the short-term markets, indicating a likelihood of an extended downtrend... 13-08-2024
ChemOrbis Free Plastics News section includes plastics industry news covering all the important developments affecting supply and demand balance for the polymers industry and plastics resin prices.
Plastics News covers any development affecting the prices of polymers and plastic raw materials including Polyethylene (PE) - consisting of HDPE, LDPE and LLDPE - Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS) and ABS.
Not only plastics resins, but also the production chain starting from crude oil to naphtha and the monomers and feedstock costs including ethylene, propylene, styrene, benzene, PX and MEG are within the scope of ChemOrbis Plastics News. Any news pertaining to these products in global markets about market trends, the changes in supply-demand dynamics and import-export stats as well as production updates - including maintenance shutdowns, plant turnarounds, closures, force majeure declarations, restarts and new capacities - are covered in this section.
ChemOrbis Plastics News also consists of stories about the changes in customs legislations for plastic resins in regional markets, freight rates in global markets, economic and financial developments that affect demand directly or indirectly as well as the updates of the companies operating in the plastics sector.
Free Plastics News section includes the news for the following markets:
Asia Pacific & India : China, South Korea, Japan, Malaysia, Singapore, Indonesia, Philippines, Thailand, Vietnam, India
Middle East & Africa : Türkiye, Egypt, Saudi Arabia, GCC, Iran, North Africa, East Africa, West Africa and South Africa
Europe & CIS : Italy, Germany, France, Netherlands, Belgium, Russia, Ukraine, CIS, Northwest Europe
Americas : North America, South America, USA, Canada, Mexico
for the following products :
Polyethylene (PE) : LDPE, LLDPE, HDPE,PP (Polypropylene) : PP Homo, PP Copolymer,Polyviynl Chloride (PVC) : SPVC,Polystyrene (PS) : HIPS, GPPS, EPS,PET (Polyethylene Terephthalate) : PET Bottle, PET Film,ABS (Acrylonitrile Butadiene Styrene),
feedstocks & monomers including crude oil, naphtha, natural gas, ethylene, propylene, VCM, EDC, styrene, benzene, MEG, paraxylene, PTA and butadiene.
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