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 in […]
As reported on www.ChemOrbis.com, global polyolefin markets ended 2015 in the midst of fluctuating energy costs, stagnant trade given the year end book closures, holidays and slower economies. PP and PE markets in Turkey, the Middle East and Africa closed the year on a weak note with initial fresh offers coming lower. Prices in China […]
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 were […]
As reported on www.ChemOrbis.com, players in Europe report that some regional producers have started to announce higher PP prices for December in spite of the fact that the propylene contract was settled with a rollover. Sellers cited tight supply and healthy demand as the main reasons for their price increases while buyers indicated that they […]
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 of […]
In China, players started to come back to the market late last week following the week long National Day holiday, that was celebrated between October 1 and 7 as reported on www.ChemOrbis.com. Although players have been taking their time to resume their operations, export PET prices have already started to be voiced with increases. Chinese […]
The large reductions in October styrene contracts were followed by another round of notable price decreases in the downstream PS market in Europe. Players report three digit decreases on transactions this week as the recent falls attracted some buyers to the market to make needs-based purchases, according to ChemOrbis. October PS prices came with €130-140/ton […]
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 […]
