China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...
Tags: polymer, carbide PVC
Ravi Sethi of ProcurianRaw material costs as a percentage of plastic packaging costs have been on a steady rise due to the long-term appreciation in crude oil prices, a key ingredient for resins. Crude oil prices have increased five-fold ...
ExxonMobil Chemical and Total Petrochemicals are joining other polypropylene producers seeking 2-cent/lb ($44/mt) increases effective August 1, sources said Wednesday. "Everyone is going for two (cents/lb) on the (margin) expansion," a ...
Tags: Exxonmobil, PP
The price spread between CFR Far East Asia polypropylene and feedstock propylene narrowed to flat, with both prices assessed at $1,425/mt on Friday, according to Platts data. PP prices shed $5/mt day on day to $1,425/mt CFR Far East 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. Players cited stronger propylene feedstock costs along with firming prices in the nearby Chinese ...
Tags: PP prices
Middle Eastern PP offers for January have come down from their December levels in Asia and Egypt in line with sluggish buying interest and the approaching Chinese New Year holiday which will take place in the last week of January. A Saudi ...
Tags: Market View
Tough sledding continued for the North American polypropylene resin market in November, with average selling prices dropping another 6 cents per pound. After climbing 37 cents in the first five months of 2011, PP prices now have fallen an ...
Tags: Market View
Commodity resin prices are tumbling throughout North America, with polypropylene experiencing the steepest drop -- a 14-cent dive since Oct. 1. Regional prices for polyethylene, PVC, polystyrene and ABS also are down in recent weeks, ...
Plastics prices finished down last month across much of Asia, with the trend affecting a broad swath of the market. Lower oil prices pulled down the cost for some plastic feedstock materials' prices, and demand was soft as well as buyers ...
Tags: plastics