Import PP prices have been on a steady downturn in China and Southeast Asia since mid-April, according to ChemOrbis Price Index, with rising supplies and retreating costs acting as the major drivers of these ongoing decreases. The emergence of additional availability from new coal-based plants as well as the recent depreciation of the yuan in […]
Players in India are voicing their expectations of seeing more competitive PVC prices in the days to come as per ChemOrbis. This is mainly justified by falling production costs while the general demand status also lends to this view due to the ongoing monsoon season. Import PVC prices in India have been on a softening […]
Spot ethylene markets tracked opposite directions in Asia and Europe during this past week. When looking at the spot prices on ChemOrbis Price Wizard, Asian spot ethylene prices indicate the lowest levels seen since mid-March. On a week over week basis, spot ethylene prices in Asia indicated $40/ton drops both on CFR Northeast Asia and […]
In Europe, the PS market continued with its decreasing trend during last week as per the pricing service of ChemOrbis. However, the decrease amounts were smaller compared to those in July since the August styrene contracts settled with a relatively smaller decrease of €25/ton, when compared with last month, when styrene contracts had settled with […]
New PE offers from the Middle East were revealed with monthly decreases in Turkey last week while initial price levels failed to see acceptance from buyers as per ChemOrbis. Several converters found the price reductions unsatisfying and justified their views with falling upstream costs, muted trade on a global level and internally, volatile economic conditions […]
According to ChemOrbis, initial PE prices are emerging with decreases for August in Italy in line with the lower sell ideas reported at the end of last week. Retreating feedstock costs were cited as the main factor contributing to the current bearish trend as ethylene contracts settled with decreases of €70/ton for August, weighed down […]
In Europe, although the upstream PX and MEG contracts for August have yet to settle, PET players have already started to paint a bearish panorama, according to ChemOrbis. July PX and MEG contracts had settled with €15/ton and €19/ton decreases from June, respectively. Looking at spot PX prices, they indicate $25/ton decreases when compared to […]
Along with the reveal of the June import statistics, China’s overall imports for polymers posted a decrease for three consecutive months following a record high in March. This has been the first time China saw decreases in polymer imports for three months in a row since 2011, according to ChemOrbis. Nevertheless, overall imports for the […]
