Plastic World

Asian spot ethylene market plunges to decade low

Asian spot ethylene market plunges to decade low

Updated on:18/06/2019

The monthly average of spot ethylene prices on CFR Far East Asia basis has plunged by $80/ton so far this month and hit its lowest level since May 2009 by breaking the $800/ton CFR threshold, data from ChemOrbis Price Wizard showed.

China’s PE market continues bearish run on sluggish demand

China’s PE market continues bearish run on sluggish demand

Updated on:13/06/2019

In China, the bearish run in the PE market that kicked off by the second half of April has continued this week. Sluggish demand has remained as the main factor pulling the market further down due to the prolonged trade war with the US.

European PS, ABS markets down after 4 months

European PS, ABS markets down after 4 months

Updated on:10/06/2019

In Europe, two major producers pioneered decreases in the PS and ABS markets following €143/ton lower June styrene contracts. Decreases came after prices hit multi-month highs during May.

Spot PS, ABS prices ease towards late May after successive hikes 

European PS and ABS markets notched the fourth month of hikes earlier in May, although the upward momentum lost its 
steam during this period.

Vietnam’s PE market extends losses into June on frail demand

Vietnam’s PE market extends losses into June on frail demand

Updated on:07/06/2019

In Vietnam, both local and import PE prices have witnessed additional losses since early this week mainly due to sluggish demand in the midst of the prolonged trade tensions between China and the US.

Apart from the lack of support from the demand side; several other factors including the bearish PE market in China, retreating spot ethylene prices in Asia and the sharp fall in the energy complex have also reinforced the downtrend in Vietnam’s PE market.

Placing tariffs on Mexican goods will harm plastics supply chain

Placing tariffs on Mexican goods will harm plastics supply chain

Updated on:04/06/2019

Will tariffs on goods coming from Mexico really force that country to put a wall on its southern border? The Trump administration thinks it might serve as an incentive. From all I’ve read lately, Mexico doesn’t want illegal immigrants traversing its country to get to the United States, and its good will is just about exhausted. Having offered many of the migrants in the caravans fast visa approvals, jobs and housing to help stem the tide, the Mexican government has had few takers.

China gears up for new PP start-ups in H2 2019

China gears up for new PP start-ups in H2 2019

Updated on:03/06/2019

China’s PP capacity is set to grow further in line with the new start-ups in the second half of the year, strengthening the country’s position in self-sufficiency. If H2 start-ups can be completed as expected, an additional capacity of around 5 million tons/year will be added to the China’s total PP capacity.

China gears up for new PP start-ups in H2 2019

China gears up for new PP start-ups in H2 2019

Updated on:03/06/2019

China’s PP capacity is set to grow further in line with the new start-ups in the second half of the year, strengthening the country’s position in self-sufficiency. If H2 start-ups can be completed as expected, an additional capacity of around 5 million tons/year will be added to the China’s total PP capacity.

Weekly resin report: Most spot PE, PP prices shed a penny

Weekly resin report: Most spot PE, PP prices shed a penny

Updated on:30/05/2019

Plastics processors hit the pause button last week, following a burst of aggressive buying, but overall completed volumes in resin trading still tallied above average, reports the PlasticsExchange (Chicago) in its Market Update. Fresh offerings for both polyethylene (PE) and polypropylene (PP) were a bit heavier and prices for most grades shed a cent. With contract increases intact for both PE (April) and PP (May) and ample resin supplies available, there was little need to chase material, though current spot resin offers present very good value compared to contracts. International PE prices and demand were both softer, but large volumes are still shipping offshore.

PET prices hit new lows in Asia, Europe and Mediterranean markets

PET prices hit new lows in Asia, Europe and Mediterranean markets

Updated on:29/05/2019

PET prices have been declining globally since the second half of April amid disappointing demand and many major markets touched fresh lows as of the end of last week. China has been the primary driver of this bearish trend due to sharp declines in upstream values, as well as the dampened market sentiment amid the trade war with the US.

Escalating tariffs signal caution for China investments

Escalating tariffs signal caution for China investments

Updated on:28/05/2019

Guangzhou, China — The escalating trade conflict between the United States and China was prompting some plastics investors to hit the pause button at the massive Chinaplas trade fair this week — with Chinese compounder Top Polymer Enterprise among them.

Will European PP, PE markets take a break from firming trend in June?

Will European PP, PE markets take a break from firming trend in June?

Updated on:27/05/2019

In Europe, players started to voice their June expectations after PP and PE markets marked the 3rd month of rising streak mainly due to higher costs. Widespread expectations center on a stable to slightly firmer outlook both for PP and PE.

LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe

LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe

Updated on:20/05/2019

PE prices across Europe have witnessed their third consecutive month of rising streak. Accordingly, spot LLDPE prices have climbed to their highest level since July last year and LDPE since September, based on the average of ChemOrbis Price Index.