Asian Chemical Connections
The European polyethylene (PE) market has turned quickly, with spot prices surging as producers withdraw offers, sources said on 12 February.
Several producers have even sold all their allocation, sources added. “They [producers] say they have sold out, but they are offering material at higher prices,” said one buyer. Some PE producers closed order books for February the previous week, but at least one has subsequently returned to the market with higher prices.
INSIGHT: 2015 far from a disaster for US petrochemical producers
“Some will cite the collapse in oil as providing the nail in the coffin. Au contraire!"
ICIS special report - Asia: crude oil and naphtha