Polymers Market : Plastics News and Resin Prices

Where will global PP prices head after crude saw 18 year-lows? Any clue from past?
by Esra Ersöz
Global markets are facing unprecedented times. US crude oil saw as low as $20/bbl by the middle of last week, despite paring some of its losses in the latter part of the week...
25-03-2020

Economic fight against coronavirus: Policymakers take action across globe
by Başak Ceylan
First identified in China, in December 2019, the ongoing pandemic of coronavirus disease (COVID-19) has brought on a tremendous threat against global health and welfare. With more than 370,000 cases reported and more than 16,000 deaths as of March 23, the pandemic remains a public health emergency on a global scale. It also presents a challenge to the global economy...
24-03-2020

Downstream operations slacken amid virus-hit logistics, low demand in Europe
by Manolya Tufan
With Europe becoming the new epicenter of the COVID-19 pandemic, run cuts or closures at downstream plants have been on the agenda. Meanwhile, rising freight rates amid a shortage of containers and increased checks at borders indicate that supply chain disruptions lurk around the corner...
23-03-2020

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