News

Limited demand caused PP, PE prices to fall deeper in June in the market

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2021

Due to China's change in imports of Polyolefins, a sharp decline since mid-March. This price drop is attributed to limited demand due to off-season, lower Dalian futures prices, and pressure from domestic price downward trend affecting PP and PE prices, there is a risk of a decrease this June.

Cause Of High But Unsustainable Global Container Shipping Charges

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2021

Following the trend in 2020, shipping lines are expected to continue to have a good year in 2021. In the short term, container charges in the markets will remain high. However, due to the sensitivity of price fluctuations as well as the ability of the industry to recover the economy, medium-term freight rates are expected to be ...

Cause Of High But Unsustainable Global Container Shipping Charges

Polymer Markets Face One Of Most Chaotic Times

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2021

Global polymer markets have been grappling with a dearth of supply since early Q4. Planned and unplanned shutdowns coupled with a deepening shipping crisis in the aftermath of an unexpected surge in demand have contributed to rapid price hikes in major regions. Prices for PP, PE, and PVC have more than doubled from the middle of...

China domestic PS pullback threatens import uptrend in Asia

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2021

Domestic PS offers in China have started to pull back amid increasing buying resistance and reduced feedstock cost support in a development that may spill over to import offers in Asia, according to market players. According to the weekly average data obtained, local offers in China for GPPS and HIPS injection have declined 1-4...

China domestic PS pullback threatens import uptrend in Asia

European PS sentiment cools off on styrene correction; ABS remains unfazed

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2021

In Europe, PS sentiment appears to have turned cautious as players moved to the sidelines on the back of steep corrections on styrene monomer. Still, ABS players have remained unfazed by the upstream volatility, with the support from supply-demand dynamics.

LyondellBasell may build world-scale chem-recycling unit in 6 years

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2021

HOUSTON (ICIS)--LyondellBasell could start construction on a world-scale chemical recycling plant in the next five to six years, the CEO said on Tuesday. "My hope is over the next five, six years, we're in construction of a world-scale unit," said Bob Patel, LyondellBasell CEO. He made his comments during the World Petrochemica...

LyondellBasell may build world-scale chem-recycling unit in 6 years

Fading demand forces PP, PE sellers to step back in Turkey

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2021

Turkey’s import and local polyolefin markets have been facing growing pressure from waning buying appetite since last week. The majority of PP and PE consumers went to the sidelines after paying massive increases in February and early March to replenish their stocks.

Anti-Plastics Bill Would ‘Devastate’ Manufacturing, US Economy, According to Plastics Industry Association

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2021

The bill, re-introduced this week in the Senate, targets the use of plastics in a variety of applications, and would, in fact, incentivize the production of less energy-efficient materials.

Anti-Plastics Bill Would ‘Devastate’ Manufacturing, US Economy, According to Plastics Industry Association

Tight supply supports SEA import PP market at 5-year highs

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2021

Import offers for PP in Southeast Asia stand at the highest since the last quarter of 2014. They are poised to remain supported in the near term due to tight supply, according to industry players.