Polymers Market : Plastics News and Resin Prices

China’s post-holiday polymer outlook supported by supply limitations, crude oil
by Merve Sezgün
Chinese New Year holidays finally kicked off on February 11, and the traditional market lull has begun. This year, players went on holiday amid a bullish atmosphere being felt all over the world due to lingering supply concerns and rising crude oil futures. Despite COVID-19 related uncertainties, players mostly expect to find a bullish market once they return to their desks from the lengthy holiday...
12-02-2021

US PE exports hit record high for 2020 despite production and logistics hurdles
by Esra Ersöz
The US PE production experienced serious challenges in the last quarter of 2020 as the devastating hurricane season resulted in several shutdowns and force majeure declarations. Needless to say, the crippling shortage of containers in the shipping industry has been growing since then, let alone shrinking...
11-02-2021

African PP, PE markets firmer on continued tightness in supplies
by Başak Ceylan
In Africa, regional markets kicked off February on a strong note as a continued tightness in supplies kept sellers’ stance bullish. However, demand was moderate-to-weak across the continent as COVID-19 related concerns remained as the key driver...
10-02-2021

Lack of sales pressure supports SEA PE markets
by Abdul Hadhi
PE markets in Southeast Asia have so far been supported despite increasing buying resistance. Markets have avoided further downside largely because of a lack of sales pressure amid limited supplies, industry players believe...
09-02-2021

Will soaring prices attract PP, PE imports to Europe?
by Manolya Tufan
European PP, PE markets were not offering attractive netbacks for import suppliers during most of the H2 2020. Yet, another round of 3-digit hikes pushed prices to multi-year highs in February. Players now question if surging prices will attract non-European origins despite ongoing logistics issues...
08-02-2021