Posts Tagged ‘week’

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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Lengthening supplies maintain downward pressure on China?s PE market

Players in China report that lengthening PE supplies are maintaining downward pressure on prices. Producer sources in both the domestic market and the import market are complaining of excess stocks while larger than normal shipments of Central Asia and North American materials have amplified oversupply concerns, as per ChemOrbis

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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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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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Local PE prices track import prices higher in SE Asia

This week, local PE prices in Southeast Asia moved higher, following the increases in import prices on announcement of higher March prices from overseas producers last week, as per ChemOrbis. Sellers cited firm costs and relatively limited supply as support for their price increases while demand was said to be regular in the region.

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Polymer markets buoyant in Thailand

Asia is beginning to see the bullish sentiment weaken. However, local markets in Thailand continue to retain their firm stance as PP and PE prices move higher, as per ChemOrbis. Many converters from different sectors are showing willingness to buy more despite the ongoing rise in prices, on firm end product demand

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Severe weather conditions continue to affect polymer business in Europe

Cold weather over the past few weeks has affected EuropeÂ’s plastics sector severely, as per ChemOrbis. Tough weather conditions, which worsened during the weekend, caused many upstream and downstream plants to freeze

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PP prices move higher after the holidays in SE Asia

In Southeast Asia, both import and local PP prices have moved higher in the first week after the Chinese New Year holidays, as per Chemorbis.

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Egypt?s local PP, PE markets stand firm

Egypt celebrated its first anniversary of the Revolution on January 25th, as per ChemOrbis. Prior to that date players had been nervous about potential problems arising from the celebrations and polymer demand was affected while players waited and watched. Last week passed relatively peacefully, bringing a sigh of relief to nervous market watchers and relieving some of the pressure on the demand side

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Sentiment firmer after Diwali holidays in India?s polymer markets

Buying interest in India is reported to have picked up somewhat following theend of October Diwali holidays, as per ChemOrbis. Domestic producers lifted their prices for PP, HDPE and LLDPE this week while players in the PVC market report firmer import prices this week. The demand outlook remains mixed as several converters and distributors continued to complain about lackluster demand, although most players feel that sentiment is firmer these days in line with firming regional trends as well as higher energy prices.

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