Plastics News and Polymer Prices
Styrene prices sink to multi-month lows in Asia and Europe Spot styrene prices in Asia and Europe have mostly followed a downward trend since August. According to ChemOrbis Price Wizard, the weekly average prices have plummeted to their lowest in 6 months in Asia while European values hit a 3-month low this week. Fri Oct 19 12:00:00 EET 2018
European PET posts double-digit decreases for October In Europe, the downward trend in the spot PET market that kicked off by around mid-September has been extended into October. October deals have been closed with decreases of €40-50/ton while cumulative decreases have reached up to €80/ton since September Thu Oct 18 12:00:00 EET 2018
PVC downturn gains pace in Asia on Taiwanese major’s larger-than expected drop Asian PVC players have received November offers from a major Taiwanese producer with decreases of $30/ton in China and $60/ton in India. Although the softer pricing did not come as a surprise, the decrease amount exceeded the initial expectations. Wed Oct 17 12:00:00 EET 2018
Asian spot propylene regains premium over ethylene for first time since 2013 In Asia, spot propylene prices have moved above spot ethylene prices for the first time in almost five years. The weekly average of spot propylene prices on FOB Korea basis gained premium of around $30/ton over ethylene. Tue Oct 16 12:00:00 EET 2018
Import LDPE, LLDPE prices almost back at par with ethylene in China According to data from ChemOrbis Price Index, import LDPE and LLDPE film prices in China are currently trading close to par with spot ethylene, a situation that last occurred in around mid-May of this year. Mon Oct 15 12:00:00 EET 2018
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