September 23 Polymer Prices - PE, PVC, PET, PP

We cover 26 different regions of pricing on caneicorp.com - and it's free. Here are just some of the prices on Monday:

September 23 Market Prices - S Asia - CFR Nhava Sheva (USD/MT)

PVC Suspension 900; PET Bottle 885; PP Raffia 1,060; PP Homo 1,060; PP Impact Copo 1,100; HD Film 905; HD Blow 890; HD Injection 880; LD Film 900; LLD Film C4 830.

September 23 Market Prices - SE Asia - CFR SE Asia (USD/MT)

PVC Suspension 870; PET Bottle 915; PP Raffia 1,010; PP Homo 1,010; PP Impact Copo 1,045; HD Film 840; HD Blow 870; HD Injection 840; LD Film 900; LLD Film C4 800.

September 23 Market Prices - FE Asia - CFR FE Asia (USD/MT)

PVC Suspension 870; PET Bottle 870; PP Raffia 1,030; PP Homo 1,030; PP Impact Copo 1,100; HD Film 910; HD Blow 890; HD Injection 880; LD Film 900; LLD Film C4 830.

Oil surges after Saudi attacks, petrochemical feedstock prices rise

Crude Oil

Oil slips on trade fears but soars in week after Saudi production attacked. Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia’s energy industry last weekend.

Global Polymers

Global downstream markets await Saudi drone strike ripple as feedstocks rise. The attack on Saudi Arabia’s Abqaiq crude oil facility has sent shock waves through the global petrochemical markets, with players questioning the impact on downstream sectors.

Global PE to remain long despite Saudi attack cutbacks. Traders lucky enough to be holding long positions in the polyethylene (PE) market prior to ?the 14 September attack on Saudi oil and gas facilities want everyone to believe that this has changed everything.

North America

Three prices down, two flat for commodity resins in August. The price declines were seen by polyethylene, PVC and PET bottle resin while regional prices for polypropylene and polystyrene were flat.

US polyethylene producers seek 8 cent increase for October: letters. US trade participants said on Wednesday that a recent slew of efforts to raise domestic October prices by 8 cents/lb was mostly being driven by the aftermath of recent attacks in Saudi Arabia.

Asia

Feedstock supply concerns in Asia olefins/polymers market after Saudi attack. Several petrochemical companies announced feedstock supply disruptions over the weekend following the attack.

PVC markets fail to extend gains to Oct on economic woes, low demand in Asia. In India, China and Southeast Asia, a major Taiwanese producer adopted different pricing policies for October after delaying its announcement by a few days as crude oil futures sharply fluctuated early this week owing to the weekend attacks on Saudi oil facilities.

Sentiment cautiously rebounds in Asian PP, PE markets. Heading into the second half of September, PP and PE prices across China and Southeast Asia found some support from skyrocketing crude oil futures early in the week before oil prices erased half of their gains late on Tuesday.

Turkey

Turkey’s stormy week: Hike attempts emerge after 4 months in PP, PE markets. This week, sellers have renewed confidence as the attacks on Saudi Aramco rattled oil markets and fueled supply concerns although the firming sentiment has lost steam to some extent later in the week.

Feedstocks

Asian monomer markets react after crude oil surge. Monomer markets in Asia have got off to a fast start this week, following the news that Saudi Aramco’s oil facilities in eastern Saudi Arabia became the target of highly disruptive drone attacks on the night of September 14. 

Feedstock supplies to Saudi petrochemical firms improve. Several petrochemical companies based in Saudi Arabia reported improvements in feedstock supplies after the kingdom's Ministry of Energy announced supplies will reach normal levels by the end of this month, the companies announced in separate statements released on the Tadawul this week.

Supply

Imelda’s rain brings more US chem plant shutdowns in southeast Texas. Impacts from tropical depression Imelda continued to shut down US chemical plants in Texas, mostly in or near Beaumont, with some of the shutdowns precautionary and a few from power outages.

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