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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.
Tight supply supports SEA import PP market at 5-year highs
09
/03
/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.
Pace of PP, PE hikes in China and SE Asia slackens
25
/03
/2021
The polyolefin upturn in China and Southeast Asia has stretched into the fourth week after the Lunar New Year holidays. Although persisting supply limitations support import prices at high levels, the pace of gains has slackened this week amid mixed buying sentiment. Converters in both China and Southeast Asia were reluctant to...
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 ...
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...
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.
Anti-Plastics Bill Would ‘Devastate’ Manufacturing, US Economy, According to Plastics Industry Association
26
/03
/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.
Vietnam’s local homo-PP market retreats for 3rd week on subdued demand
15
/01
/2021
In Vietnam, local homo-PP prices have been witnessing reductions since after the market hit a more-than-two-year high in mid-December while waning demand is the main driver of this downturn. Two factors have weighed on buying interest recently: softening sentiment in China and reduced end-product manufacturing at home.
Vietnam plastic industry and the problem depends on raw materials
10
/03
/2021
