Tag Archives: PE prices

Platts: global petrochemical prices dropped 1.1% in December

Platts: global petrochemical prices dropped 1.1% in December

Prices in the global petrochemicals market in December, expressed as a monthly average, were US$796 per metric ton (/mt), down 1.1% or US$9 per mt, from November’s average, according to the just-released monthly Platts Global Petrochemical Index (PGPI). Prices also closed the month on a low note, with an end-of-month closing physical price that wasRead More

January expectations diverge in global polyolefin markets

As reported on www.ChemOrbis.com, global polyolefin markets ended 2015 in the midst of fluctuating energy costs, stagnant trade given the year end book closures, holidays and slower economies. PP and PE markets in Turkey, the Middle East and Africa closed the year on a weak note with initial fresh offers coming lower. Prices in ChinaRead More

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December PE increases exceed ethylene hike in Europe

As reported on www.ChemOrbis.com, December PE prices have emerged higher across Europe over the past week, supported by firmer upstream costs. Sellers are aiming for increases larger than the hike of €22.5/ton in ethylene contracts, pointing to the prevailing supply constraints for PE. A South European producer is giving offers for their December PE contractsRead More

Import PE prices near to par with ethylene in China

In China, import PE prices closed last week with further decreases stemming from stagnant demand and sufficient supply, according to ChemOrbis. These reductions brought import PE prices near to par with ethylene and offers even slightly below spot ethylene prices were reported for HDPE blow moulding as reported on www.ChemOrbis.com. Several Asian producers confirmed thatRead More

Middle Eastern players: Approaching Ramadan holiday slows trade further

In the Middle East, new July PP and PE announcements were mostly announced with decreases, in line with previous market expectations, according to ChemOrbis. The only exception to this was a major Saudi Arabian producer’s PE prices that they announced in their own local market. A major Saudi Arabian producer cut their July PP raffiaRead More

Plastic prices

Spot ethylene prices surge in Europe ahead of June contracts

According to ChemOrbis, spot ethylene prices have surged in Europe at the end of last week on the back of production outages across several crackers, which led to force majeure declarations on ethylene supply in some cases ahead of the June monomer settlements. Spot ethylene prices recorded large increases of around €95-100/ton during the pastRead More

PE prices

PE prices record sharp hikes for May in Europe, June outlook cloudy

According to ChemOrbis, players in Europe report that PE prices are recording another month of sharp increases for May while the outlook for June is cloudy as supply concerns are showing some initial signs of easing while buyers complain that they cannot afford to accept another round of price hikes after facing three consecutive monthsRead More

October PE prices emerge lower across Asia

Following a softening pattern in September, October offers have also started to be revealed with decreases again across Asian PE markets as per the pricing service of ChemOrbis. Players in China, Malaysia, Indonesia, Philippines and Vietnam are all reporting receiving new offers for October shipments with decreases of $20-30/ton on the month. In China, whereRead More

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