Polymers, Plastics News and Resin Prices
Stats: Türkiye’s overall polymer imports down by 7% in H1 on year by Merve Madakbaşı
According to ChemOrbis Stats Wizard Pro, cumulative polymer imports in January-June eroded by 7% to 2.9 million tons from the same period in 2023. The fall came in tandem with macroeconomic struggles at home, let alone the adverse impact of a shipping turmoil that has pervaded the markets since late last year. In H1, Saudi Arabia (586,831 tons), the USA (384,204 tons), South Korea (265,221 tons), Russia (236,652 tons) and Egypt (175,667 tons) were the primary polymer suppliers, with respective market shares of 20%, 13%, 9%, 8% and 6%... 23-08-2024
Europe’s PP, PE markets return from long break on a firmer note by Manolya Tufan
PP and PE markets have extended modest gains into the second month as regional polyolefin players are slowly returning to their desks following a long holiday this week. The summer lull was eclipsed by curbed import flow and regional hiccups, paving the way for hikes during the slowest trading month of the year... 22-08-2024
European chemical companies face lower profits in H1 2024 amid growing challenges by Elif Şahinduran and Esra Ersöz
Chemical firms in Europe have announced their financial results for the first half of 2024, marked by challenges from global and regional factors. Oversupply and rising energy costs have eroded the region's competitiveness, while slowdowns in key sectors like automotive and construction have further reduced demand. Consequently, most companies posted lower profits and reported slowdowns in their chemicals segment... 21-08-2024
Saudi PP market bucks the bullish trend across Mid-East PP, PE markets by Nada Samir and Esra Ersöz
Across the Middle East, PP and PE prices have extended their gains into the second straight month, except from the Saudi PP market, which has marked the first declines since May. Price increases in the rest of the region’s PP markets were not as visible as in PE, while reduced supplies continued to be blamed for the increases despite stagnant demand. Players are now questioning if the recent downturn in the Saudi PP market is a harbinger of a bearish trend that may soon emerge in the rest of the region... 20-08-2024
Freight rates fall from July peak, but remain elevated by Elif Şahinduran and Esra Ersöz
Freight rates, which peaked in mid-July following a conspicuous rally that began in early May, have been declining since then, driven by the slump in ex-China routes. Market experts believe that the downturn will persist; however, freight rates will not fall as swiftly as they rose in the past few months given the ongoing port congestion in Asia and the rest of the world as well as other logistics disruptions. So, the question is: Is there a way to return to the levels seen before the Red-Sea crisis?... 19-08-2024
ChemOrbis Free Plastics News section includes plastics industry news covering all the important developments affecting supply and demand balance for the polymers industry and plastics resin prices.
Plastics News covers any development affecting the prices of polymers and plastic raw materials including Polyethylene (PE) - consisting of HDPE, LDPE and LLDPE - Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS) and ABS.
Not only plastics resins, but also the production chain starting from crude oil to naphtha and the monomers and feedstock costs including ethylene, propylene, styrene, benzene, PX and MEG are within the scope of ChemOrbis Plastics News. Any news pertaining to these products in global markets about market trends, the changes in supply-demand dynamics and import-export stats as well as production updates - including maintenance shutdowns, plant turnarounds, closures, force majeure declarations, restarts and new capacities - are covered in this section.
ChemOrbis Plastics News also consists of stories about the changes in customs legislations for plastic resins in regional markets, freight rates in global markets, economic and financial developments that affect demand directly or indirectly as well as the updates of the companies operating in the plastics sector.
Free Plastics News section includes the news for the following markets:
Asia Pacific & India : China, South Korea, Japan, Malaysia, Singapore, Indonesia, Philippines, Thailand, Vietnam, India
Middle East & Africa : Türkiye, Egypt, Saudi Arabia, GCC, Iran, North Africa, East Africa, West Africa and South Africa
Europe & CIS : Italy, Germany, France, Netherlands, Belgium, Russia, Ukraine, CIS, Northwest Europe
Americas : North America, South America, USA, Canada, Mexico
for the following products :
Polyethylene (PE) : LDPE, LLDPE, HDPE,PP (Polypropylene) : PP Homo, PP Copolymer,Polyviynl Chloride (PVC) : SPVC,Polystyrene (PS) : HIPS, GPPS, EPS,PET (Polyethylene Terephthalate) : PET Bottle, PET Film,ABS (Acrylonitrile Butadiene Styrene),
feedstocks & monomers including crude oil, naphtha, natural gas, ethylene, propylene, VCM, EDC, styrene, benzene, MEG, paraxylene, PTA and butadiene.
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