Updated to Q3 2015
The PE market outlook in Asia Pacific looks set to stabilise in Q3 2015. Ethylene prices have fallen in July and the PE supply tightness in Asia Pacific is expected to ease due to increased supply from Middle East and Asian producers. Market players also expect overall demand to strengthen and stabilise towards the end of Q3.
Middle East prices are expected to ease off slightly in Q3 as the production situation improves after Ramadan. Softening ethylene values in Asia and Europe are also seen as a bearish factor. Europe’s PE supply in July has begun to ease, but some PE grades are still tight. PE supply is expected to ease in August as the monomer becomes more available. Prices are expected to go down, but market participants are divided on the extent of the fall. The economic and political uncertainty seen in Turkey caused an uncertain demand situation and market outlook for the PE market in the near future. Market players will continue to monitor Asian PE prices to get a clearer indication of Turkish prices.
It comes as no surprise that petrochemicals markets were in disarray in 2017. Hurricane Harvey made landfall in the US but had a global effect on the markets. With the dawn of a new year, it’s important to understand what happened in the markets in 2017 and get a glimpse of what to expect in 2018.
ICIS is delighted to announce the launch of the 2018 global chemical outlook magazines. These publications provide a detailed overview of 2017 and the outlook for the next 12 months for the key chemical markets listed below.
Access and download the polyethylene methodology and consultations documents.Polyethylene methodology
New polyethylene (PE) production coming online in the US Gulf in the first quarter of 2018 could bring oversupply of product in Latin America, but the impact on each country will be different, considering that the regional economies are on different stages of development and have different import tariffs.
Download the ICIS outlook article by editor-in-chief George Martin
An expert view of supply and demand data for the global polyolefins market is available via our online supply and demand database.
ICIS publishes information on global and regional trade flows, production capacity and demand from 1978-2030.Find out more
Keep updated on price movements with ICIS Chemical Business magazine.Find out more
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements.
With many years' experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.Find out more about ICIS consulting services
The three main types of polyethylene (PE) are low density PE (LDPE), linear low density PE (LLDPE) and high density PE (HDPE).
HDPE is a thermoplastic white solid whose molecular chains are comparatively straight and closely aligned. It is resistant to most chemicals, insoluble in organic solvents and has high impact and tensile strength.
LLDPE is a thermoplastic, translucent white solid whose chains are comparatively straight and closely aligned, and has a lower density than HDPE.
LDPE is a thermoplastic white solid which has highly branched and widely spaced molecular chains.
End uses of HDPE include blow-moulding applications such as bottles, packaging containers, drums, fuel tanks for automobiles, toys and house wares. Injection-moulded articles made from HDPE include crates, pallets, packaging containers and caps, paint cans, house wares and toys.
LLDPE’s short chain branching gives it higher tensile strength, puncture and anti-tear properties, making it particularly suitable for high strength film applications.
LDPE is used mainly in film applications for both packaging and non-packaging uses. Other markets include extrusion coatings, sheathing in cables and injection moulding applications.
ICIS training helps you to understand the fundamentals of the petrochemical industry.Find out more
ICIS organises a range of global conferences which offer you the chance to hear from key industry leaders, learn about the latest innovations and developments as well as network with your industry colleagues.Find out more