Polymers Market : Plastics News and Resin Prices

Weakness extends to June in Saudi Arabian PP, PE markets
by Başak Ceylan
Saudi Arabian markets first saw the uptrend falter last month, during which a major domestic producer held PE offers stable while decreasing their PP offers, citing thin demand and cautious buying amid a holiday-shortened month. June offers from the major producer now show that the downtrend has been extended into June...
01-06-2021

European PP signals stabilization after 7 months of hikes
by Manolya Tufan
European PP markets give signs of stabilization heading towards June after seven months of hikes. The lack of sufficient prompt availability in the region is expected to prop up PP prices despite the pressure from the competitively-priced import market...
31-05-2021

Turkish plastic recycling market in deadlock–solution awaited on import waste ban
by Başak Ceylan  and Merve Madakbaşı
The Ministry of Trade removed ethylene polymer imports from the list of "wastes whose import is subject to compliance inspection" and added to the list of "other wastes prohibited to import" in a communiqué published in the Official Gazette on May 18, 2021...
28-05-2021

Asia PVC markets decline to 3-month low as downturn fueled by June announcements
by Merve Sezgün
Data from ChemOrbis reveal that PVC K67 prices on CIF China/India/SEA basis have retreated to a 3-month low since regional producers started to announce June offers with significant drops led by the Taiwanese major at the start of the week...
27-05-2021

Limited demand leads to further PP, PE declines in China; LDPE hits 6-month low
by Pınar Polat
China’s import polyolefin markets have been gradually coming down since mid-March. Price declines are attributed to limited demand amid the off-season, retreating Dalian futures, as well as the pressure from the downtrend in local prices inside the country...
26-05-2021