18 October 2013 11:47 [Source: ICIS news]
“2014 will be similar to 2013,” the source said. “A global economic recovery should happen; I don’t expect any price crashes. I think prices will be similar to today, maybe plus or minus $50/tonne.”
The source spoke of ongoing caution in the markets, for both buyers and producers.
“In the US, PP producers produce to order,” the source said. “They won’t stock anything. There’s no spot market, buyers are very careful.”
The source added that Middle East producers will look more closely at the African and Latin American markets to sell polymers as China’s PE and PP production increases and the country becomes more self-sufficient.
K2013 began on 16 October and runs until the 23rd.
($1 = €0.74)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections