The demand for engineering plastics in the US is expected to rise 2.6% per year to 5.1 billion pounds in 2019, said the latest Freedonia report. The largest markets for engineering plastics will continue to be the automotive and electrical and electronics . The auto sector will increasingly rely on engineering plastics to reduce vehicle […]
The Packaging and Films Association (PAFA) has issued an industry-wide warning that the prices of raw materials could see a “significant increase” and “extremely tight supply” in as little as two months, according to the report of British Plastics and Rubber. The price of polymers has suddenly increased remarkably since early this year, bringing price […]
Russia and the CIS (Commonwealth of Independent States) are expected to see a good number of PE capacities within the upcoming years, according to ChemOrbis. The earliest start up is slated for September of this year while the remaining capacities will continue to come online gradually until 2022. Uz-Kor Gas Chemical is on track to […]
In Asia, spot ethylene prices have been recording significant increases on the back of tight supplies, owing to the plant shutdowns in the region, many of which began April and are expected to last until the June-July period, according to ChemOrbis. According to Asian players, spot ethylene prices were $75/ton higher on CFR Northeast Asia […]
Spot styrene prices in Asia were on a firming path over the week driven by ongoing shutdowns, according to ChemOrbis. Although energy prices are on a volatile path, the offline capacities for styrene and PS encouraged sellers to lift their PS offers, supported by expectations of improved demand ahead of the Ramadan holidays. A Southeast […]
China’s Dragon Aromatics’ PX plant located in Gulei, Zhangzhou, Fujian province was hit by an explosion on April 6, causing a large fire, according to media reports. The incident reportedly happened in a pumping station and may extend the duration of an ongoing maintenance at the plant. Dragon’s PX capacity in Zhangzhou reportedly makes up […]
According to ChemOrbis, players in Russia are reporting limited availability for LDPE in the first week of April, similar to the case across other PE markets in Europe. Supply constraints are seen lending support to firmer PE prices in the domestic market. A Russian producer issued hikes of RUB4000/ton ($65/ton) on their LDPE 158 and […]
In Egypt, PP players have been reporting tight PP supplies in the local market for some time while they highlight the fact that PP film supplies have been the shortest, according to ChemOrbis. The domestic producer EPPC’s raffia prices have been absent since March as the producer has been suffering from some delays when delivering […]
