Tag Archives: Reliance Prices

Turkey’s US PVC import volume lowest since 2008

Turkey’s US PVC import volume lowest since 2008

November import statistics of Turkey were revealed on ChemOrbis with overall PVC imports in November suggesting an approximate decrease of 19% on a monthly basis and 16% on a yearly basis. Cumulative PVC imports in the January-November period, meanwhile, display a yearly decrease of 8%. Also of note, PVC cargoes imported from the US inRead More

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

Industrial profits in China dropped 1.9% in first 11 months of 2015

According to the National Bureaus of Statistics of China (NBSC), the industrial profits of enterprises above designated size from January to November amounted to RMB 5,538.68 billion, a Year on Year (YOY) decrease of 1.9%. In November, the industrial profits of enterprises above designated size achieved RMB 672.08 billion, a YOY decrease of 1.4%, andRead 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

Protective packaging demand in US to reach US$6.8 billion in 2019, forecasts Freedonia

Bolstered by strong gains in Internet shopping, demand for protective packaging in the US is forecast to expand 4.9% per year to US$6.8 billion in 2019, according to a new report of Freedonia. As consumers purchase more products online, demand will increase for packaging which can protect these goods from shock, vibration, abrasion, and otherRead 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

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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

Plastic Prices

European PP market changes direction on improved demand

After being on a downward trend since the beginning of June, the European PP market has recently changed direction on the back of improved demand which boosted the sentiment last week, according to ChemOrbis. Players reported that many sellers implemented modest increases on their PP offers after conceding to three-digit decreases at the start ofRead More

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