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.
Polypropylene (PP) prices have been subject to high volatility in the early months of the year, especially due to the high swings in crude oil quotations.
ICIS consultants detail what future investment in new #propylene and PP capacity within Europe indicates for imports of European processors.
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As new PE capacities come on stream globally, the impact on the global supply & demand balances will be far reaching.
Download the infographic by Linda Naylor & Katherine Sale to see how this will impact the tariffs on the US material to China.
An expert view of supply and demand data for the global polyolefins market is available via our online supply and demand database.
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Public opinion and political power heightened pressure on the petrochemical industry in the past year to adapt to circular economy and recycling needs. However, plastic resin producers began their moves towards these goals prior to 2017 by buying new capacities, redesigning packaging and bringing out new products.
Were these steps sufficient to achieve the sustainability targets set out by the European Commission in its Plastic Strategy launch?
Download this market insight by Pavle Popovic to find out more.
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.
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