Polymers, Plastics News and Resin Prices
Import PP copolymer prices hit year-to-date lows in Türkiye by Merve Madakbaşı
PP copolymer prices have been sliding since the third quarter of 2024 in tandem with waning consumption in Türkiye’s derivative segments, squeezed liquidity, lower costs and gradual corrections in elevated freight rates from Far East Asia as well as the Middle East. Both injection and pipe grades extended their losses into October amid lower spot propylene prices in NEA and the Chinese holiday lull... 08-10-2024
Demand doldrums weaken Vietnam’s PP market, import prices hit 9-month low by Thi Huong Nguyen
Vietnam’s PP market continues to struggle due to sluggish demand, which remains the main factor behind the current weakness. Downstream manufacturing plants have seen a drop in orders from end users, reducing converters’ interest in buying PP polymers. Meanwhile, an oversupply has further clouded the market outlook... 07-10-2024
NEA olefins fall further as China’s Golden Week halts demand; SEA finds stability by Jennifer Lee
This week, with most Chinese market participants on holiday for National Day Golden Week, spot ethylene and propylene prices in Northeast Asia (NEA) slipped due to absent demand. Bearish sentiment, which had already persisted, was exacerbated by this week’s dried-up activity. Meanwhile, oversupply remains a key factor in Southeast Asia and China, where olefins supply has increased with the restart of multiple MTO and PDH plants. Additionally, surplus ethylene in South Korea has led to aggressive offers across SEA and China, pushing down bids and spot prices further... 03-10-2024
India’s PP, PE markets wait for buyers to return as monsoon ends by Shibu Itty Kuttickal
Despite the official end of India’s Southwest monsoon, PP and PE import buyers remain cautious, holding back purchases as above-average rains are predicted to continue into October. At the same time, market players have noted slightly higher offers lately, on expectations of buying activity increasing in the post-monsoon season... 02-10-2024
Oil price forecasts revised lower amid volatile market by Elif Şahinduran
September was marked by turbulence in the oil market, with prices initially rising due to supply concerns in Libya and tensions in the Middle East. However, a nearly 5% decline by mid-month caused Brent to drop below $70/barrel, its lowest since December 2021. Subsequent gains fueled by U.S. Tropical Storm Francine and China’s economic stimulus were short-lived, as experts expressed skepticism about future fuel demand. Consequently, many analysts revised their price forecasts downward for 2024 and 2025... 01-10-2024
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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