Posts Tagged ‘market’

Mid-Eastern producers cut July PE prices in Egypt, raise Aug outlook

In Egypt, Middle Eastern producers had approached the PE market at the start of July with lower prices as compared to June offer levels, as per ChemOrbis.

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Developments in Thin Wall Packaging

Applications of thin wall packaging range from dairy ice cream tubs and yogurt pots to ready meals, bakery trays and long-life jar and can replacements. Applied Market Information LLC launched a new packaging event- Thin Wall Packaging Films 2012

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SE Asia?s PVC demand picks up following July decreases

Players in Southeast Asia report that PVC demand has picked up this month despite July not usually being a a good month in terms of PVC demand in the region, as per ChemOrbis. Many buyers who had elected to stay away from the market in June have returned following the steep July decreases implemented in the region?s local markets. The recent upward movement in upstream costs was also cited as a factor supporting healthier PVC demand as many players feel that the market is close to the bottom of its current declining trend.

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Aither Chemical, Bayer signs memorandum to measure interest in catalytic ethane cracker

Aither Chemicals LLC announced signing of a memorandum of understanding with Bayer MaterialScience to launch an “Open Season” for ethylene from a potential catalytic ethane cracker in the Kanawha Valley. The agreement includes a non-binding “Open Season” to determine the market interest for the chemicals and plastics that would be produced by such a cracker. This could include ethylene, acetic acid, carbon dioxide, and carbon monoxide for sale at competitive market pricing or use in making downstream derivatives and other products such as ethylene oxide

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Egyptian buyers unhappy with new protection fees on homo-PP imports

The Egyptian government implemented a protection fee of 15% on all homo-PP imports effective for 200 days from June 5 to December 22, 2012, as per ChemOrbis. Egyptian PP producer EPPC pointed to strong competition from lower priced import cargoes as support for the new measures, but buyers have expressed anger regarding the new protection measures, which they feel to be unjustified. Egypt?s Chamber of Industry has also protested the new protection fees, arguing that the new measures will hamper the country?s export trade in finished plastic products while adding that EPPC?s production is not large enough to satisfy the market?s needs

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PET prices post steep declines in China, SEAsia

Players in China and Southeast Asia have reported significant decreases in PET prices over the past week, with players attributing the decline to significant losses in spot prices for PTA and MEG feedstock, as per ChemOrbis. Buying interest is said to be limited as converters are complaining of slower than expected demand ahead of the summer season while adding that they are hesitant to purchase in large amounts owing to the uncertain outlook on the market direction

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June PVC prices expected to fall in Southeast Asia despite healthy demand

Players in Southeast Asia?s PVC market are bracing for decreases in the month of June despite steady demand in the region, as per ChemOrbis.

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Players in China’s PE markets bracing for further price reductions

This week, players in China?s PE market are expecting to see further price reductions, as upstream costs continue to dip while buyers prefer to wait in the sidelines to see more competitive prices, as per ChemOrbis.

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PE buyers in SE Asia expect to see softer prices in May

In Southeast Asia, PE players had mixed views in H1-April regarding the outlook for May. Material had been tight for some of the PE products in several of the countries, with some of the local producers working hard to clear backlogs, as per ChemOrbis.

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Polymer demand cools down ahead of holidays in Thailand

Polymer demand in Thailand, which has been stronger than demand in other Southeast Asian countries for most of the last two months, is beginning cool down following several consecutive local price hikes and with the approach of the Thai New Year holidays next month, as per ChemOrbis. Many distributors report that they are feeling cautious about replenishing their stocks for now given their uncertainty as to how demand will be affected by the upcoming holidays while some converters report that they are starting to feel more comfortable with their stocks these days and are accordingly feeling less pressure to source additional cargoes. In the PP market, an increasing number of players are beginning to describe demand as normal while several distributors are already shifting their focus towards late April and the period after the Thai New Year holidays.

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