Polymers Market : Plastics News and Resin Prices

Turkey's PP, PE markets brace for April drops, eyes on economy and logistics
by Merve Madakbaşı
Polyolefin prices in Turkey have followed a softening trend since the second half of February tracking the weak trend in virus-hit China. A lack of sufficient supplies for certain PP and PE grades amid scheduled turnarounds in the Middle East kept discounts in check despite unsupportive costs...
20-03-2020

Crude in freefall; will PE markets’ reaction resemble 2016 or 2008
by Esra Ersöz
Crude oil prices in the US have recently neared $20/bbl, a threshold not seen since February 2002. Players are now widely trying to gauge the impact of nosediving oil on PE markets and see whether the last times crude oil futures suffered enormous decreases back in 2016 and 2008-2009 can give a clue about the bottom of PE prices...
19-03-2020

Freight rates climb as coronavirus hampers global logistics
by Merve Madakbaşı
An all-out-combat against the COVID-19 pandemic has led to severe disruptions in global logistics during the last couple of months. A series of factors including the border closures between many nations, reduced number of ships and shortage of containers led to notably higher freight charges...
18-03-2020

A comparison of oil’s reflection on naphtha, ethylene between today and 2016, 2009
by Esra Ersöz
Oil prices have been on a downward spiral due to supply glut and virus-hit-demand as both WTI and Brent futures tumbled 30% last week, the worst week since 2008. This week, erosion persists as both futures have come under $30/bbl on Monday’s daily trading...
17-03-2020

European players evaluate PP, PE and PVC outlook for April amid oil slump, virus lockdown
by Manolya Tufan
In Europe, players were perplexed by the biggest one-day rout for oil in 30 years on March 9. The nationwide lockdown in Italy has yet to be felt profoundly in terms of pricing policies for March. Still, April expectations call for a bearish trend in light of the recent developments...
16-03-2020