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PE Price

African PE players: Supply issues may continue to prop up prices

African PE players: Supply issues may continue to prop up prices

According to ChemOrbis, players operating in African PE markets generally voiced their complaints about slow end product demand with only a few seeing slight improvements ahead of approaching Ramadan. Buying interest for imports is not that healthy across the region while the ongoing cash flow constraints and depreciating local currencies against the US dollar addRead More

plastics news

What are the main growth drivers for engineering plastics demand in the US?

The demand for engineering plastics in the US is expected to rise 2.6% per year to 5.1 billion pounds in 2019, said the latest Freedonia report. The largest markets for engineering plastics will continue to be the automotive and electrical and electronics . The auto sector will increasingly rely on engineering plastics to reduce vehicleRead More

Plastic prices

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

Higher styrene costs keep PS market strong in SEA

Spot styrene prices in Asia were on a firming path over the week driven by ongoing shutdowns, according to ChemOrbis. Although energy prices are on a volatile path, the offline capacities for styrene and PS encouraged sellers to lift their PS offers, supported by expectations of improved demand ahead of the Ramadan holidays. A SoutheastRead More

plastics news

Explosion in Chinese PX plant firms up PET sentiment in Asia

China’s Dragon Aromatics’ PX plant located in Gulei, Zhangzhou, Fujian province was hit by an explosion on April 6, causing a large fire, according to media reports. The incident reportedly happened in a pumping station and may extend the duration of an ongoing maintenance at the plant. Dragon’s PX capacity in Zhangzhou reportedly makes upRead 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

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