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Plastic prices

Asian PVC shifts to Turkey on weak demand, plunging freights

Asian PVC shifts to Turkey on weak demand, plunging freights

In Asia, the regional PVC markets have recently started to weaken in line with players’ earlier expectations of a downturn in the trend based on slowing demand, comfortable supplies as well as softening ethylene costs, according to ChemOrbis. This week, a major Taiwanese producer announced their June PVC prices  to China, Southeast Asia and IndiaRead More

plastics news

Personal care packaging market to grow by 5.5% annually through to 2019, predicts PMMI

A new market assessment report from PMMI, the Association for Packaging and Processing Technologies, predicted a 5.5% annual growth for the global personal care packaging market through 2019. The report, “Personal Care Market Assessment”, also examines global trends, drivers and opportunities from the choice of materials to operations. Bottles account for 30% of the marketRead More

Plastic prices

Packaging association warns on polymer supply and prices

The Packaging and Films Association (PAFA) has issued an industry-wide warning that the prices of raw materials could see a “significant increase” and “extremely tight supply” in as little as two months, according to the report of British Plastics and Rubber. The price of polymers has suddenly increased remarkably since early this year, bringing priceRead 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

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