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Polymers, Plastics News and Resin Prices

Economic&Financial , China , South Korea , Company Updates

S Korea’s petchem industry hits impasse, government to step in for drastic restructuring
by Elif Şahinduran  and Esra Ersöz
South Korea’s petrochemical sector has been floundering since 2023 with plant closures, selloffs and mergers in place as major companies have been strained by negative margins. Business Korea recently argued that the Korean government plans to help restructure the country’s petrochemical industry with extraordinary measures by increasing the competitiveness of Korean products...

Ethylene , Asia Pacific , Price , China , SEA & India , Propylene

SEA ethylene, propylene prices diverge following SCG’s force majeure; NEA ethylene slips further
by Jennifer Lee
Last Friday, Thailand’s SCG Chemicals declared force majeure on all petrochemical products, following a fire at a chemical tank in Map Ta Phut port, Rayong. The producer stated that operations at both Map Ta Phut, the Rayong Olefins (ROC) and Map Ta Phut Olefins (MOC) crackers were severely impacted. In terms of olefin prices, there were initial knee jerk responses, with spot propylene prices rebounding to $830-850/ton CFR SEA whilst spot ethylene prices traded slightly higher, at $990/ton CFR SEA...

Europe , Freight , Northwest Europe , USA , Asia Pacific , Price , China , Italy

Is the rally for shipping freight rates roaring back?
by Esra Ersöz
Having been steadily sliding since February this year right after going through the roof in January upon the emergence of the Red Sea crisis , spot freight rates for container shipping recorded a cumulative slump of around 32% until late April, according to global benchmarks. As of early May, the trend in freight rates appears to have turned upwards with the rally gaining momentum particularly recently...

Malaysia , France , India , Mexico , USA , UK , Italy , Economic&Financial , Europe , South Korea , Thailand , Brazil , Company Updates , Spain , Austria , Indonesia , Saudi Arabia , Germany

Global oil and petchem companies report healthier results for Q1 2024 after turbulent 2023
by Elif Şahinduran  and Esra Ersöz
2022 was a period of record-highs for many oil, gas, and petrochemical companies. In 2023, as economic headwinds increased, energy and petrochemical giants saw their profits slump while others even swung to a net loss. Following the turbulent year, companies started to announce improved financial results for Q1 2024...

Malaysia , Philippines , India , SEA & India , Thailand , PVC , Vietnam , Price , Indonesia , Singapore

US PVC import deal surfaces in India amid rising freights from NEA
by Shibu Itty Kuttickal
The Indian markets have in the latest week seen June-loading PVC shipments from a US producer changing hands after a nearly 5-month gap, with the price noted around the mid-point of the current ChemOrbis Price assessment range for overall origins...

More Free Information on Plastics Industry: Glossary Production Flowcharts
More Free Information on Plastics Industry: Glossary | Production Flowcharts
About ChemOrbis Free Plastics News

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.

To track the most updated plastic resin prices, please visit ChemOrbis Resin Prices page.

Serving 70,000+ companies and 100,000+ business professionals since 2001, ChemOrbis enables plastics industry buyers, sellers and producers make winning buy/sell decisions and connections. ChemOrbis' services are designed to deliver its promises under highly volatile market conditions. ChemOrbis Market Information and Analysis Tools provide you with all the information required to understand the prevailing market conditions and anticipate short term expectations.

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