GLOBAL POLYMER MARKET SYNOPSIS.

http://www.petrotahlil.com/en/tiny/news-43491

Petrotahlil :

ASIA

LDPE: This week, LDPE prices inched higher in India and the Far East Asian regions. The price rise, was supported by stronger import offers from the overseas suppliers.

LLDPE: LLDPE prices witnessed a rise in the Far East and South East Asian regions, supported by firmer import offers from the overseas producers.

HDPE: HDPE prices dropped in the South Asian regions, on an account of plentiful product avails and bearish demand trends, coupled with deals concluded at lower price levels in the region.

PP: This week, PP prices slipped in the Far East Asian regions, on the back of lower import offers from overseas suppliers and sluggish demand trends in key markets like China, owing to the National Golden Week holidays.

PVC: Persistent bearish demand trends, pulled PVC prices lower across the Asian regions. Reports of deals concluded at lower price levels in the region, further supported the price fall.

PS: This week, PS prices inched lower in some parts of Asia, on the back of weaker upstream SM values, coupled with dull buying sentiments in the region.

ABS: ABS prices were assessed lower in the South East and South Asian regions. Reports of weaker demand trends and bearish upstream SM and butadiene values, together pulled prices lower in the region.

PET: PET bottle grade prices, drifted lower across the Asian regions, owing to persistent weaker bearish demand trends and ample regional product availability.

EUROPE

LDPE: Spot LDPE prices in Europe, were assessed higher on the back of a rise in feedstock ethylene contract price settlements, for the month of October.

LLDPE: This week, despite weaker regional demand and sufficient product avails, LLDPE prices in Europe were assessed stable, this week.

HDPE: HDPE spot prices climbed higher in Europe, on the back of a rise in the ethylene contract price settlements, for the month of October.

PP: This week, despite weaker buying interests and sufficient product avails, PP spot prices in Europe witnessed a gain, attributed to the higher upstream propylene values.

PVC: This week, PVC prices in Europe were assessed steady, despite persistent bearish regional demand trends.

PS: This week, despite weaker upstream SM contract price settlements for October, the PS prices in Europe were assessed flat.

ABS: Despite weaker upstream SM contract price settlements for October, the ABS prices were assessed steady in Europe.

PET: This week, bottle grade PET spot prices in Europe slipped, owing to the continual weak demand sentiments coupled with plentiful regional product availability.

U.S.A

LDPE: LDPE export prices firmed in the U.S.A., on an account of stronger upstream ethylene values and improved buying inquiries, this week.

LLDPE: LLDPE export prices for this week, climbed higher in the U.S.A., impelled by an improved buying interest from overseas markets and firmer upstream ethylene values.

HDPE: This week, despite bullish ethylene feedstock rates, HDPE export prices were assessed stable in the U.S.A.

PP: PP export prices dropped in the U.S.A., on the back of dull demand trends from the overseas markets. Weaker upstream energy and propylene spot rates, further supported the price drop.

PVC: This week, PVC export prices slipped in the U.S.A., due to persistent bearish global demand trends.

PS: Despite quiet buying sentiments and weak cues from Asia, PS export prices were assessed steady in the U.S.A, this week.

ABS: This week, despite higher upstream SM rates, ABS prices in the U.S.A, were assessed flat, Demand trends were reported as dull in the region.

END