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Polymer Markets Face One Of Most Chaotic Times
25
/02
/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...
Limited demand caused PP, PE prices to fall deeper in June in the market
04
/06
/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.
China domestic PS pullback threatens import uptrend in Asia
24
/03
/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...
Cause Of High But Unsustainable Global Container Shipping Charges
27
/02
/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 ...
European PS sentiment cools off on styrene correction; ABS remains unfazed
29
/03
/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.
Fading demand forces PP, PE sellers to step back in Turkey
27
/03
/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.
LyondellBasell may build world-scale chem-recycling unit in 6 years
11
/03
/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...
Tepid demand weighs on local PP prices in Indonesia, Vietnam; tightness supports PE
22
/08
/2020
In Indonesia and Vietnam, import PP and PE prices have changed course since around two weeks ago and they have been witnessing slight drops in the face of unsupportive demand. Within the region’s local markets, PP prices have also yielded to the downward pressure from poor demand while PE seems to be stronger than PP given its...
Tight supply supports SEA import PP market at 5-year highs
09
/03
/2021
