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Plastic prices

Russia and CIS plan several new PE projects

Russia and CIS plan several new PE projects

Russia and the CIS (Commonwealth of Independent States) are expected to see a good number of PE capacities within the upcoming years, according to ChemOrbis. The earliest start up is slated for September of this year while the remaining capacities will continue to come online gradually until 2022. Uz-Kor Gas Chemical is on track toRead More

Plastic prices

Asian ethylene prices climb up on shutdowns

In Asia, spot ethylene prices have been recording significant increases on the back of tight supplies, owing to the plant shutdowns in the region, many of which began April and are expected to last until the June-July period, according to ChemOrbis. According to Asian players, spot ethylene prices were $75/ton higher on CFR Northeast AsiaRead More

Plastic prices

Local LDPE supply tightening in Russia

According to ChemOrbis, players in Russia are reporting limited availability for LDPE in the first week of April, similar to the case across other PE markets in Europe. Supply constraints are seen lending support to firmer PE prices in the domestic market. A Russian producer issued hikes of RUB4000/ton ($65/ton) on their LDPE 158 andRead More

Plastic prices

Locally held PP film supplies tight in Egypt

In Egypt, PP players have been reporting tight PP supplies in the local market for some time while they highlight the fact that PP film supplies have been the shortest, according to ChemOrbis. The domestic producer EPPC’s raffia prices have been absent since March as the producer has been suffering from some delays when deliveringRead More

Plastic prices

Global reinforced plastics market growing at CAGR of 7.6% from 2013 to 2019

The global reinforced plastics market stood at US$8.42 bln in 2012, expected to reach US$15.82 bln by the end of 2019, growing at a remarkable CAGR of 7.6% from 2013 to 2019, as per a report by Transparency Market Research. Based on product type, the market is segmented into glass fiber reinforced plastics (GFRP), carbonRead More

Plastic prices

European PS sellers aim for massive April hikes

April PS prices from Europe started to be announced with massive increases by the middle of this week, according to ChemOrbis. Although buyers expected to see €200/ton increases before the monomer contracts, a €300/ton spike on the new styrene contract settlements combined with already tight supplies paved the way for larger hikes of between €300-315/tonRead More

Plastic prices

Spread between ethylene and naphtha continues to rise in Asia

According to ChemOrbis, players in Asia report that the spread between spot prices for ethylene and naphtha continues to expand as supply limitations are pushing ethylene prices up while naphtha prices have been fluctuating along with oil markets. Spot ethylene prices witnessed further increases on the week as the heavy cracker turnaround season in SouthRead More

Plastic prices

Hefty hikes surface for April in SEA’s PP and PE markets

PP and PE prices have started to be announced for April in Southeast Asia with hefty hikes this week as per ChemOrbis pricing service. Tight supplies continue to drive both import and local markets up in the region, according to players. Monthly increases of up to $200/ton are seen in the new announcements. A SaudiRead More

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