Tag Archives: PP Prices

SE Asian PP buyers anticipate further discounts in January

SE Asian PP buyers anticipate further discounts in January

PP buyers in Southeast Asia are keeping to the sidelines in anticipation of seeing further discounts in January after the New Year holidays in spite of the fact that PP prices remain at multi-year lows, according to data from ChemOrbis Price Index, which shows that import homo- PP prices on a CFR Southeast Asia basisRead More

Egypt’s PP market hits the lowest levels since 2009

According to ChemOrbis Price Wizard, Egypt’s PP raffia market hit its lowest levels seen since 2009 both for import and local prices. This past week, distributors’ overall raffia prices saw additional decreases of EGP100-500/ton ($13-64/ton). Within the range, Egyptian cargoes tracked a stable to EGP150/ton ($19/ton) softer trend while locally held Middle Eastern cargoes wereRead More

Plastics news

Southeast Asian local PP markets at their lowest since 2009

Local PP prices in several Southeast Asian markets, including Thailand, Indonesia and Vietnam, hit multi year lows as of the past week. Prices, according to ChemOrbis Price Wizard, were at their lowest levels reported since 2009, when the index for Southeast Asia’s local PP market was first launched. In Vietnam, local PP prices witnessed furtherRead More

Plastic Prices

Chinese PP players discuss implications of weaker crude

Last week, players had been reporting that China’s PP market was showing signs of stabilizing after an extended downward turn, pointing to steady energy costs and limited supplies from domestic producers. At the start of this week, however, players are questioning the sustainability of the recent stabilizing trend, commenting that demand has not really improvedRead More

Plastic Recycling

Sellers lift Dec PP prices to Europe on tight supplies

As reported on www.ChemOrbis.com, players in Europe report that some regional producers have started to announce higher PP prices  for December in spite of the fact that the propylene contract was settled with a rollover. Sellers cited tight supply and healthy demand as the main reasons for their price increases while buyers indicated that theyRead More

Share of imports shrinking in China’s PP market

China’s homo PP imports for May displayed a monthly decrease of 13% and a yearly decrease of 12%, according to ChemOrbis Import Statistics. When the overall imports conducted in the first five months of 2015 are taken into account, China imported 7% less than the same period of last year. The 13% monthly decrease inRead More

African markets receive June PP, PE prices

According to ChemOrbis, players operating in African markets including Kenya, South Africa and Egypt have started to receive new import PP and PE prices for June cargoes. The new offers came in line with the players’ expectations. Prices from the Middle East indicate increases from May levels but the hike amounts are not as largeRead 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