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plastics prices

Asian olefins and polyolefins cautiously watching volatile crude

Asian olefins and polyolefins cautiously watching volatile crude

According to ChemOrbis, players all around the world are closely eyeing the movements of crude oil as they are looking for a signal for the downstream petrochemical industry. Saudi Arabia’s determination not to cut output however far oil falls triggered new declines earlier in the week while futures have improved recently upon the largest growthRead More

Plastic prices

China’s foreign trading surplus grew 40.4% in first 11 months of 2014

According to latest China Customs figures, foreign trading in the first 11 months of 2014 totaled RMB23.95 trillion, up 2% Year On Year (YOY). Exports amounted for RMB13 trillion, a growth of 4.4% compared with the same period of last year; Imports of RMB10.95 trillion dropped by 0.4%, resulting in a trading surplus of RMB2.05Read More

plastics news

India’s import PVC market sinks to 5-year low

According to data from ChemOrbis Price Index, import PVC prices in India saw their lowest levels in five years’ time owing to persistently sluggish demand which is mostly triggered by plunging crude oil and upstream costs as per the pricing service of ChemOrbis. Players report that most buyers in India are still maintaining their stanceRead More

plastics prices

European PE market’s downward trend loses pace on tight supply

The European PE market’s downward trend slowed down at the beginning of December, with the latest prices tracing a stable to softer trend as per the pricing service of ChemOrbis. Some suppliers conceded to discounts without reflecting the entire ethylene drop of €50/ton while others are even seeking to maintain their prices citing the prevailingRead More

plastics prices

Africa’s PP and PE markets come down in December

In Africa, December PP and PE prices were announced with mostly decreases last week, in line with earlier expectations as per the pricing service of ChemOrbis. However, Nigeria, Africa’s largest oil exporter, was an exception to this given the currency problems that the country has been struggling with. Nigeria’s local PP and PE producer ELEMERead More

plastics prices

How will the bioplastics market growth in mid-term?

Bioplastics production to grow by more than 400% by 2018, according to the latest findings presented at the 9th European Bioplastics Conference, which took place from December 2-3 in Brussels, Belgium. The data compiled by European Bioplastics in cooperation with its partners – the IfBB – Institute for Bioplastics and Biocomposites (University of Applied SciencesRead More

plastics prices

Diving costs pull European PS prices down in December

New PS prices from European suppliers emerged with €100/ton decreases for December in line with rapidly decreasing benzene and styrene markets since early November. Buyers in the region expect larger drops to pass on PS deals citing €150/ton lower styrene contracts and weak activity prior to Christmas Holidays. Benzene prices on CIF NWE basis hitRead More

plastics prices

Local PP and PE prices sink to lowest levels since 2013 in Vietnam

Players in Vietnam report that locally-held PP and PE prices in the country have fallen to the lowest levels seen since 2013, according to data from ChemOrbis Price Index. Local prices are tracking the softening trend in global polymer markets as well as the declines in upstream costs. In the PP market, locally-held raffia cargoesRead More

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