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

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

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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

plastics prices

China’s PP market hits 3-year-low, but still lags propylene’s fall

China’s import PP market has recorded the largest weekly loss in more than 2 years, according to ChemOrbis Price Index. Import homo PP prices have decreased by $50/ton this week on average. The low end of the range even broke below a new threshold, which was last seen in late 2011. Nevertheless, the losses inRead More

plastics prices

Italy’s PVC market witnesses new round of decreases in December

In Italy, the PVC market remains on a softening note for a second consecutive month as expected while prices are suggesting relatively smaller decreases compared to last month. Following the initial December adjustments, spot PVC prices continue to hover at around the lowest levels since August 2012, as per the pricing service of ChemOrbis. LowerRead More

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