News

Europe's PP and PE markets are affected by weak fundamentals and deeper price declines in the near term.

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06

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2022

After closing June deals with a triple-digit drop, European PP and PE market participants are bracing for deeper price drops next month due to ample supply and weak demand. Monomers are also forecast to decline due to the widening spread between spot and contract prices.

PS goes down after 4 months of price increases in Europe

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02

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2022

In Europe, the styrene market has plunged after being mostly bullish for the past 4 months due to the fall in the February styrene contract. Initial February quotes came in lower, also hit by sluggish demand as supply concerns eased. PS remains at record high, price up about 25% from bottom to top

PS goes down after 4 months of price increases in Europe

Overcoming the pandemic storm, the plastic industry prospered

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04

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2022

Overcoming difficulties, the plastic industry showed many signs of recovery, maintained business operations and achieved many impressive achievements.

Bio-Polyolefin Market Set to Grow as Fast as Sugar Cane

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05

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2022

Sugar cane can grow to a height of 10 feet in 12 months. Independent research by plastic market and technology expert MLT Analytics (MLTA) indicates that usage of polyethylene and polypropylene derived from renewable resources such as sugar cane, non-edible plants, and biogenic fats and oils has the potential to grow equally fas...

Bio-Polyolefin Market Set to Grow as Fast as Sugar Cane

Japan makes plastic that can heal itself at room temperature

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04

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2022

Chemistry professor Takuzo Aida and colleagues used a substance called polyether thiourea to create a plastic material that can self-heal if the fragments are put together at room temperature.

Statistics: China's first quarter PE imports recover from the lowest level in the past 4 years

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05

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2022

Data from ChemOrbis Import Statistics shows that China's cumulative PE imports in the first quarter of 2022 increased by 7.3% year-on-year, reaching around 3.5 million tonnes. The Q4 2021 volume shows the lowest quarterly figure in import statistics since the last quarter of 2017.

Statistics: China's first quarter PE imports recover from the lowest level in the past 4 years

Import PP prices give a recovery signal

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07

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2022

The easing of COVID restrictions in Chinese cities and the return of buying demand in the local market have captured the downtrend in PP prices in India after nearly two months, an Indian trader said. know: “PP prices are unlikely to slide any deeper and in the short term look stable to a slightly flat level.” “Domestic de...

The reappearance of Russian PP, PE batches weakens sentiment in Vietnam

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04

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2022

Vietnam's import PP and PE markets went up in the last week of March, supported by high costs. This is despite continued weak demand and current pressure from re-exports from China. However, sentiment leveled off in early April due to the re-emergence of competitively priced Russian goods.

The reappearance of Russian PP, PE batches weakens sentiment in Vietnam

The return of US PE puts pressure on prices in global markets

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12

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2021

Major global markets including Southeast Asia, Turkey and Europe have recently received more US PE quotes after a long absence. This is the end to the inventory build-up in the US, a year-end lull, and the Omicron variant putting additional strain on demand. The traditional year-end stock clearance from the US has not been po...