HDPE
Jul 5th, 2010
Nowadays Linear Low Density Polyethylene (LLDPE) Widely Replaces LDPE
Linear Low Density Polyethylene (LLDPE) established itself as the third major member of the polyethylene business along with LDPE and HDPE.
The LLDPE share of total consumption on the global polyethylene market varies by geographic area based on production capabilities and end-use consumption patterns. The major LLDPE producing regions are the Middle East, the United States,...
Apr 30th, 2010
Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
Oil prices have risen in the week of April 26, 2010. At the end of the week, June Brent crude stood at US$87.5 while US light, sweet crude settled at US$85.4. Prices gained on Friday after US new home sales were reported to have unexpectedly jumped 27% in March along with gains in Asian...
Apr 30th, 2010
Asian PE producers unlikely to achieve price hike targets for May
Finding support from higher ethylene feedstock costs, Asian regional producers have announced significant increases on May PE offers to both China and Southeast Asia, as per Chemorbis. However, these new offers have met buyer’s resistance, who anticipate the impact of new capacities very shortly, pushing prices lower by the beginning of the summer. Hence buyers...
Apr 23rd, 2010
Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
The week of April 19, 2010 saw crude oil slightly down from 18 month high levels of US$87 a barrel all week. However, oil prices plunged by almost 3% on Friday on news that US securities regulators charged Goldman Sachs Group with fraud. After the Goldman Sachs fraud, disappointing earnings by some top companies...
Apr 20th, 2010
PE, PP buyers in Asia await impact of supplies from new capacities
Trading is lackluster in Asia’s PP and PE markets as buyers await the onslaught of supplies from new capacities coming on stream. As per Chemorbis, buyers are waiting on the sidelines, refusing to buy beyond their needs on expectations that a new wave of capacities in Asia and Middle East will begin to weigh down...
Apr 16th, 2010
Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
Oil prices spiked to an 18 month intraday high of US$87 at the beginning of the week, rising after reports showed growth in US jobs and service sectors. Prices then dipped to levels close to last weeks’ on speculation that US stockpiles will surge as refineries augment rates, crude oil prices have settled at...
Apr 9th, 2010
Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
Oil prices have risen in the week of April 5, 2010, racing towards US$86 as demand gets optimistic amid signs of a global economic upswing. New York’s light sweet crude for delivery in May rose past US$85.2 while Brent North Sea crude for May rose to US$84.2. The optimism was triggered by upbeat economic...
Apr 6th, 2010
Robust demand for LDPE, LLDPE reported in India
Distributors in India report that they are actively on the lookout for import LDPE and LLDPE film cargoes owing to good demand in the local market, as per CHemorbis. Distributors attribute the relatively good demand seen for these products to limited availability for domestic materials. For the first few trading days of April, import offers...
Apr 5th, 2010
Middle Eastern producer reduces HDPE and LLDPE film offers to China for April
A major Middle Eastern producer has announced April offers for HDPE and LLDPE film to the Chinese market this week with price decreases of US$120/ton for HDPE film and US$100-110/ton for LLDPE film vs March offer levels. As per Chemorbis, the producer cited softer demand and lower prices from other regional producers as the reasons...
Mar 31st, 2010
Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
Crude prices for May delivery fell to US$80 a barrel on Friday, amid volatile trading, as investors scout for clear signals that the global economic recovery will continue. Prices ended the week 3.8% below a 2010 peak of roughly US$83.18 a barrel. Crude oil for May delivery rose in the week of March 29,...
Mar 29th, 2010
38% of 6 mln tons of ethylene capacity coming onstream in China: China to reduce imports
Asia will add record naphtha cracking capacities in 2010 at a time when new Middle East plants are boosting output. 6 mln tons of capacity is expected to come onstream in this year, out of which 38% will come up in China alone. China, South Korea, Thailand, Singapore and India will add 6.3 mln tons...
Mar 24th, 2010
Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
Crude oil prices ended the week of March 22, 2010 at a weaker note. Towards the end of the week, oil prices fell by over US$1.50- its largest one-day dip in three weeks, as the US dollar firmed against foreign currencies, negatively impacting investment flows into oil and other commodities. Oil prices dipped to...
Mar 24th, 2010
Initial PP, PE offers for April by SE Asian producers significantly reduced
Several producers in Southeast Asia have announced their initial April offers for both PP and PE to the regional market, with significant decreases. As per Chemorbis, in the PP market, a Thai producer announced initial April offers with decreases of US$50-60/ton from March to US$1340-1350/ton for homo-PP injection and raffia, US$1360/ton for PP film, all...
Mar 18th, 2010
Local PE prices move lower in China
In China, local PE markets are facing downward pressure as a result of poorer than expected demand and weakening ethylene markets. A major producer in the East reduced their offers for LLDPE film by CNY300/ton ($44/ton) while also cutting their offers for HDPE film by CNY200/ton ($29/ton), citing poor demand and rising stock levels...
Mar 17th, 2010
Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
Oil prices have dipped below US$81 a barrel in the week of March 15, 2010 on release of data showing a drop in US consumer confidence that has renewed concerns about energy demand in USA. Nymex crude for April delivery dipped to US$80.9 from Friday’s US$81.2. Crude oil prices received little support from an...
Mar 10th, 2010
Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
In the week of March 8, 2010, benchmark crude for April delivery rose to US$81.50 on the Nymex while Brent crude rose to US$79.89 on the ICE futures exchange. Data from the Government’s unemployment report shows jobless claims and unemployment numbers lower than expected for February and jobless rate holding steady at 9.7% for...
Mar 9th, 2010
Poorer than expected demand, weakening ethylene markets pull down PE prices in China’s domestic market
Domestic polyethylene prices are facing downward pressure in China as a result of poorer than expected demand and weakening ethylene markets. As per Chemorbis, a major producer in the East reduced offers for LLDPE film by CNY300/ton (US$44/ton) and by CNY200/ton (US$29/ton) for HDPE film, alluding to poor demand and rising stock levels. Fresh offers...
Feb 26th, 2010
SE Asian producer increases March offers for PP, PE
A Southeast Asian producer’s initial March offers for PP and PE were raised this week. As per Chemorbis, producers raised PP offers by ten dollars for homo-PP and by US$20-30/ton for copolymer PP, bringing their new offers to US$1430/ton for homo-PP injection and raffia, US$1520-1530/ton for PP block copolymer injection and US$1520-1540/ton for PP random...
Feb 25th, 2010
Price trends of oil, polymer feedstock and commodity polymers in Asia
CRUDE OIL
Crude oil prices in Asia rose past US$80 for the first time in more than a month, in the week of February 22, 2010. Oil prices have benefited from positive economic data and from a tightening global market balance. Traders are upbeat about the prospects for oil demand from USA and China- the world’s...
Feb 23rd, 2010
Domestic producers raise PP, PE prices in China
Post-holiday, two domestic producers in China have elected to raise their PP prices for raffia, injection and block copolymer injection grades, pointing to the bullish crude oil prices along with the expectations of a stronger market sentiment, as per Chemorbis. A similar pricing policy has been followed in the PE market.
One of these producers elected...