Plastics News and Polymer Prices

European LDPE, LLDPE hover around 4-year-lows
by Esra Ersöz
According to ChemOrbis Price Index, spot LDPE and LLDPE prices in Europe have recently been reported at their lowest levels not seen since 2015. Initial PE deals started to be concluded at a rollover for February despite the pressure from weak market fundamentals...
Mon Feb 11 12:00:00 EET 2019

Sentiment cautiously improves in Turkey’s polyolefin markets
by Merve Madakbaşı
More PP and PE players are now convinced that import prices have bottomed out. Prices have already given signals of a recovery amid better buying interest for certain products, although buyers are taking this recently improved sentiment with a pinch of salt given mild demand in their end markets...
Fri Feb 08 12:00:00 EET 2019

Global oil and petchem companies announce financial results for Q4
by Manolya Tufan
Several oil and petrochemical producers have started to announce their financial results for the fourth quarter of 2018. Oil giants appear to have reported stronger profits in the final quarter despite the sharp slump in oil prices on the heels of their downstream operations...
Thu Feb 07 12:00:00 EET 2019

Growth in Turkey’s polymer imports faltered in 2018
by Esra Ersöz
The overall polymer imports of Turkey shrank by 6.5% in 2018 when compared to the record-high imports of the previous year. This slump was highly expected given the rapid depreciation of the lira against the US dollar, particularly in the second half of the year...
Wed Feb 06 12:00:00 EET 2019

Egypt’s PP and PE markets scramble to find clear direction
by Başak Ceylan
In Egypt, players started receiving new PP and PE offers for February from both local and import producers. However, the latest offers failed to discern a clear pricing trend as a major Saudi producer decided to go for hikes, while others opted for a steady-to-soft pricing policy ...
Tue Feb 05 12:00:00 EET 2019