PP Prices and News
China’s PP, PE players diverge on demand; supply sparks shared concerns by Thi Huong Nguyen
With an absence of supply pressure thanks to maintenance turnarounds and talks of festivity-driven demand, polyolefin markets in China mostly closed November on a stable-to-firmer trend, if setting aside a $20/ton decrease on the low end of the LLDPE film range due to low-priced offers for US materials. However, sentiment remained cautious as market players diverged on demand expectations, while significant capacity expansions loomed large, fueling supply concerns... 02-12-2024
European PP, PE players discuss near-to medium-term outlook by Laura Pisano
In Europe, PP and PE prices extended their downtrend into the third month, with reductions of up to €50/ton passing on November deals. The pressure stemming from sellers’ high stocks as well as thin buying interest forced many suppliers to concede to discounts to entice sales, defying higher monomer settlements. Meanwhile, some regional producers managed to avoid drops and closed their deals with rollovers, especially in the contract markets... 28-11-2024
Turkish PP and PE players adopt a cautious stance as 2024 nears its end by Merve Madakbaşı
Import PP and PE prices in Türkiye continued their downward trend in November, driven by year-end stock clearances from suppliers and subdued downstream demand across most industries. At the same time, year-to-date lows stimulated some restocking activity on the side of buyers. Polyolefin offers have been declining since August, led by reduced consumption and gradual drops in shipping costs while players started to discuss whether the market bottom is approaching... 22-11-2024
Polyolefin prices remain under pressure in Middle East by Nada Samir
In the Middle East, PP and PE markets have experienced an extended bearish tone in November owing toweak demand, comfortable supply as well as lack of real cost-support. In addition, an increasing number of PE and PP offers from the US has exerted a downward pressure on regional origins... 20-11-2024
SE Asian petchem producers face prolonged shutdowns as weak margins bite by Elif Sevde Yalçın and Esra Ersöz
Market sources report that several Southeast Asian petrochemical producers have been facing commercial plant shutdowns as high costs and weak demand squeeze margins significantly. The industry is also burdened with supply glut, elevated inventory levels and ongoing destocking efforts. This heightened pressure on petrochemical companies reflects the industry’s growing need for restructuring and rationalization... 18-11-2024
Polypropylene (PP) is a product group produced by the conversion of propylene monomer through a process of polymerization. Polypropylene (PP) is the world's second largest polymer in terms of consumption. There are two main types of PP: Homo-PP and PP Copolymer.
Homo-PP (PPH) is further divided into various grades, such as raffia, injection, fiber, film, BOPP and non-woven. Homo-PP is used in various applications, such as sacks, gift wraps, carpet yarns, kitchenware, automotive parts, food packaging, sanitary pads, diapers and wet wipes. PP Copolymer, which is made more durable by the addition of ethylene monomer during the conversion process, is used in household appliances, automotive and electrical parts and pipe applications.
Looking at the most important net buyer and supplier countries in the polypropylene (PP) market, China stands at the top of the list of importing countries. As of 2020, China alone realizes 25% of the world’s total PP imports. China is followed by Türkiye, which imports 10% of the world’s total PP production, while Italy occupies the third place in rankings. South Korea, Malaysia and Germany comprise the top three main PP suppliers.
ChemOrbis Polypropylene (PP) prices and Plastics News section contain information on the market trends, as well as supply-demand factors and production costs that determine the pricing, statistics on imports and exports, along with maintenance shutdowns, restarts, and new capacities related to PP facilities.
Products:
PPH raffia, PPH fiber, PPH injection, PPH film, PPH non-woven, PPH medical, BOPP, PP Copolymer injection, PP Copolymer extrusion, PP Copolymer pipe type 2, PP Random Copolymer injection, PP Random Copolymer extrusion, PP Random Copolymer pipe type 3.
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