Following the trend which shifted downwards in the past two weeks in China, Turkey’s PE market started to feel downward pressure particularly on Middle East origins based on netback calculations, according to ChemOrbis. The consistent lack of buying appetite stemming from unsatisfactory orders of converters for their end products ahead of the general elections and […]
In Italy, the firming trend in the PE market has been in place since late February because of persistently tight supply stemming from several force majeure announcements and outages in the region. Since the beginning of March, LDPE prices have posted three digit hikes of €300-350/ton in Italy’s spot market, based on average ChemOrbis Price […]
According to ChemOrbis, players in Europe report that PE prices are recording another month of sharp increases for May while the outlook for June is cloudy as supply concerns are showing some initial signs of easing while buyers complain that they cannot afford to accept another round of price hikes after facing three consecutive months […]
In Europe’s PET market, players report that offers on the low end of the PET price range are disappearing ahead of the higher expected MEG and PX contracts, according to ChemOrbis. Spot PET prices in Europe moved up by €10-50/ton during the past week. The greater part of the increase occurred at the low end […]
It has been the fourth month in a row that price hikes have been materializing in Turkey’s PE market. Regular Middle Eastern suppliers started to reveal their May prices late last week with a Saudi major pioneering the monthly hikes in hefty amounts as per ChemOrbis pricing service. The Saudi major’s new offer levels indicate […]
According to ChemOrbis, PVC players in Europe are wrapping up their April transactions with increases ranging between €70-150/ton for various origins, with some sellers claiming to have been sold out in the first half of this month. May expectations already started to be expressed for refreshed hike attempts, albeit for relatively modest amounts. This is […]
A new study by Ceresana predicted that the global polyamide (PA) 6 and 66 market, at US$24.4 billion in 2014, will grow by 3.1% per year to around US$31.2 billion in 2022. Synthetic fibers made of PA, colloquially called “nylon”, offers strong tear and abrasion resistance. They also have high elasticity and shape stability. PA […]
According to ChemOrbis, Indonesia’s PET market is seen catching up with the firmer trend in Asia this week after domestic producers issued up to three-digit hikes on their local prices pointing to higher feedstock costs. Following an explosion at a Chinese PX plant, which makes up 12% of the country’s total PX capacity, spot prices […]
