Polymers Market : Plastics News and Resin Prices

COVID-19 resurgence weighs on polymer sentiment in Vietnam
by Merve Sezgün
The renewed COVID-19 outbreak in Vietnam - the first Southeast Asian nation to lift restrictions back in April - has marked an abrupt end to the country’s 100-day streak with no local transmissions of the virus. As the country is now battling a resurgence in cases, concerns over demand recovery have come to the forefront in the polymer markets this week...
31-07-2020

Stats: Turkey’s H1 polymer imports defy pandemic, hit all-time high
by Merve Madakbaşı
Turkey’s overall polymer imports totaled 2,634,000 tons in the first 6 months of 2020, an 8.7% increase from the same period of last year. The volume pointed to the highest level for this particular period since ChemOrbis started to compile statistics data in 2000...
30-07-2020

Stats: China’s total PP, PE imports set a new record in H1 2020
by Pınar Polat
According to data from ChemOrbis Import Statistics, China’s cumulative PE imports hit a new record of more than 8.6 million tons in the first six months of 2020, increasing 7% when compared to the same period of last year...
29-07-2020

Lackluster demand outweighs tightness in Asian ABS markets
by Merve Madakbaşı
Asia’s import ABS markets have followed softening local prices in China after the uptrend faltered in early July when prices reached multi-month highs. Although fading support from demand has predominated the pricing trend more since last week, restricted supplies and high costs have kept the size of discounts small heading to August...
28-07-2020

Will costs drum up support for a 3rd-month-firming in Europe PET market?
by Esra Ersöz
According to ChemOrbis Price Index, spot PET prices in Europe have gained around 5% since the upturn kicked off in June. This size of increase is quite modest when compared to the cumulative gains of other polymers, which have largely exceeded 10%. This can be attributed to the fact that the uptrend in the PET market was triggered by higher upstream costs, rather than supply-demand dynamics...
27-07-2020