PP Prices and News
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
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
Yuan strengthens further against USD; how will China’s petchem exports be affected? by Elif Şahinduran and Esra Ersöz
The Chinese yuan has begun to strengthen against the dollar over the last month as the greenback has weakened due to growing expectations of potential interest rate cuts in the US. Particularly since early August, the appreciating yuan has been cutting into the profits of Chinese companies seeking growth from exports... 15-08-2024
PP prices fall to year-to-date lows in Vietnam by Thi Huong Nguyen
A bearish wind has continued to blow across Vietnam’s PP markets, with prices having tracked a stable-to-lower trend since June, mainly due to poor supply-demand fundamentals. In the meantime, most players have shown a lack of confidence in the short-term markets, indicating a likelihood of an extended downtrend... 13-08-2024
India’s import PP and PE markets fall as monsoon strengthens by Shibu Itty Kuttickal
After two months of rising prices, downward pressure on polyolefin prices has returned to the Indian markets, as freight rates have fallen, and monsoon rains have strengthened appreciably. Torrential rains across the Indian subcontinent have led to flash floods and landslides that caused damages to infrastructure as well as loss of lives... 07-08-2024
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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