This week, polypropylene (PP) prices dropped in Far East and South East Asia regions. Prices fell as buying trends weakened significantly in the region. CFR Far East Asia prices of PP raffia and PP injection were assessed down at the USD 1030/mt levels, a week on week fall of USD 10/mt. PP film prices were
The global Injection Molded Plastic Market was valued at around US$199.9 bln in 2015. It is expected to grow at a CAGR of approximately 5% during the forecast period (2016 – 2024). It will reach US$296 bln by 2024. The growth of this market can be attributed to its growing demand in medical devices, home
In early October, European polyolefin prices edged higher on the back of rising upstream costs while styrenics and PET prices continued on a downward path. Rising crude oil and naphtha costs contributed to an increase in October contract prices for ethylene and propylene. Ethylene costs increased by €15 (£13)/tonne with propylene rising by €35 (£31)/tonne.
NEW DELHI (Scrap Register): India containerized shredded scrap import average prices gained during the week ended August 19, while India’s major plastic scrap prices on Scrap Register Price Index showed a mixed trend. Obsolete shredded scrap prices in the Indian containerized market increased $6 a ton this week to $228 a ton CFR Nhava Sheva
Propylene prices in Europe have fallen rapidly amid derivative issues, with spot prices flat to the monthly contract price for October, compared with premiums of 10-13% two weeks ago, as per sources in Platts. The October contract price is yet to settle. The industry contract price for September settled at Eur690/mt (US$769) FD NWE. Propylene
The price of plastic pipes has risen after the government banned suppliers from selling unmarked substandard pipes. A spot check in the market shows cost of plumbing has gone up in the last two months with hardware stores now selling the new half-inch polypropylene (PPR) with threads at Sh700, up from Sh600, while the one-inch
This week, HDPE prices climbed in Asia. A combination of triggers were responsible for the price rise including improved regional buying trends, gains recorded in ethylene feedstock rates, strong import offers from overseas suppliers coupled with a rise in prices of other PE grades. In Far East Asia, HDPE film prices were assessed up at
PE, PP, PVC, PS prices stable for now, PET more volatile. Lower PE and PP prices have helped stabilize those markets, although ample PE supply could result in further decline. Feedstock volatility and unplanned outages appeared to put some upward pressure on PS and PVC, though any actual movement was far from certain. Further downward