Industry news

PS, ABS prices hit all-time highs in Europe; a record gap with Asia

PS, ABS prices hit all-time highs in Europe; a record gap with Asia

April hikes carried European PS and ABS markets to unprecedented levels as the rally gained momentum amid surging costs, while Asian markets were softer under the shadow of weak demand ...
PP, PE Producers cut run rates across Asia as high costs hammer margins

PP, PE Producers cut run rates across Asia as high costs hammer margins

Many Asian PP and PE producers have either cut or considered lowering their operating rates recently as multi-year high spot naphtha and olefins prices have wrecked margins. Spot ethylene and propylene are ...
African PE, PP markets higher on tight supply, firm costs in March

African PE, PP markets higher on tight supply, firm costs in March

Resin suppliers in Africa are pressing for price increases on the basis of higher energy costs driven by the Ukrainian/Russian conflict and the potential of diminishing supplies in an already ...
PP prices to extend bullish run into February in India

PP prices to extend bullish run into February in India

Import PPH prices continue to rise in India as players resort to stock building in anticipation of higher prices. Indian buyers, who mostly remained on the sidelines in November - ...
Asian PET exporters enjoy healthy demand across the board

Asian PET exporters enjoy healthy demand across the board

Global PET bottle markets have followed a firm trend in February, driven by spiking crude oil prices. Contributing to the scene have been elevated freight rates and lingering container issues, ...
Covid concerns loom large in China, hitting demand and supply-chain

Covid concerns loom large in China, hitting demand and supply-chain

With less than a month to go until the start of the Chinese New Year and the opening of the 2022 Winter Olympics in Beijing, China has been facing a ...
Europe’s PE markets under pressure from rising supplies

Europe’s PE markets under pressure from rising supplies

January PE prices emerged with rollovers to monthly drops in Europe. Although the delayed arrival of US cargoes supported regional suppliers to some extent, growing supplies amid better import availability ...
A look back at European PP, PE markets in 2021: Supply snarls push prices to record highs

A look back at European PP, PE markets in 2021: Supply snarls push prices to record highs

2021 has proved to be a more challenging year for industry participants than 2020 was, with both spot PP and PE prices skyrocketing to unprecedented levels in Europe. PP and ...