Polymerupdate’s Post

ICIS News: China’s polypropylene (PP) exports jumped by 96% in Q1 this year over the first quarter of 2023 to 619,367 tonnes. If the same export momentum was maintained throughout 2024, this year’s total exports would reach 2.5m tonnes compared with 1.3m tonnes in 2023. Read below this comprehensive article by our ICIS Asia Senior Consultant John Richardson to gain valuable industry perspective and expert analysis👇 https://lnkd.in/eS8eVgpC

China is expected to achieve polypropylene self-sufficiency this year due to continuous capacity expansion and lower utilization rates. Chinese PP trade in 2021 and 2022 shows a drop in imports of homopolymer and copolymer, while exports remain relatively stable. Region-wise capacity additions in 2023 contribute to the world total of 103.7 million metric tons per annum (MTPA). https://lnkd.in/dKv5a3cM

Low Density Polyethylene (LDPE) Prices Journey Northward In Asia Read the full article here: https://bit.ly/4cqDIQX #LDPEprices #Asia #polyethylene #plasticindustry #supplychain #globalmarket #pricingtrends #manufacturing #AsiaPacific #rawmaterials

How will China's #Polyethylene industry tackle #Overcapacity? Following massive capacity additions over the last decade, China's #Polyethylene industry is expected to undergo a period of slowdown with deteriorating #Margin performance. It is observed that Chinas domesic operators are actively enhancing product diversity via investing in #EVA and #MLLDPE sectors, which are regarded as high-value #derivatives. The Wood Mackenzie Polyolefins team have considered changes in historical trade volume, potential new demand, and delivered cost-competitiveness analysis. Please reach out for more insights, [email protected] #Polyethylene #China #Oversupply #EVA #MLLDPE

The Future of China's Polypropylene (PP) Industry 🌍 Rumors suggest that China's focus on carbon efficiency and low PP spreads might lead to plant closures. But what does this mean for China's PP imports/exports by 2040? Here are the scenarios: ICIS Base Case: Net imports rising to 5m tonnes by 2040. Alternative Scenario 1: Net exports of 6m tonnes by 2024. Alternative Scenario 2: Net exports of 9m tonnes by 2040. China's demographic and economic challenges may impact demand growth. The soft or hard landing will determine the outcome. Producers should diversify markets and innovate for sustainability. To know more read the latest blogpost from the one and only John Richarson. 🌿📊 #Polypropylene #ChinaIndustry #Sustainability #MarketTrends #ICIS

In today's market synopsis, Polypropylene export prices surge by USD 65/mt in the US. This week, PP export prices were assessed sharply higher in the United States on the back of tight product avails. whereas FAS Houston PP Copolymer prices were assessed at the USD 995-1015/mt FAS Houston levels while PP Homo-polymer prices were assessed at the USD 950-970/mt levels, both surged by USD (+65/mt) from last week. Watch the full market synopsis here: https://lnkd.in/dsf2TFpy #Polymerupdate #PolymerNews #PlasticIndustry #PolymerIndustry #plasticprices #PPprice

The latest #Polyamide monthly insights are out 🆕 📗 What are the #Price implications in #China after a worsened #Supply shortage? 📗 Will #Demand remain robust? 📗 Will the themes of Improved #Demand and tightened regional #Supply persist? 📗 Are #PA6 and #PA66 #prices turning a corner? 📗 How do European #PA6 and #PA66 Prices compare? As always, please reach out directly to learn more about #Thermoplastics and similar #Chemical markets. #Nylon #Polyamide #PA6 #PA66

BLOG: China could be a net exporter of 9m tonnes of PP by 2040 There are rumours out there that as China focuses on carbon efficiency in a bid to hit peak emissions by 2030 – and because polypropylene (PP) spreads and margins are at historic lows – there will be a significant wave of PP plant closures in China. Click here to see the latest blog post on Asian Chemical Connections by John Richardson. #ICIS #blog #China #polypropylene #carbon #emissions #economy https://bit.ly/3EoTKeR

The latest #Polyamide monthly insights are out - What are the #Price implications in #China after a worsened #Supply shortage? - Will #Demand remain robust? - Will the themes of Improved #Demand and tightened regional #Supply persist? - Are #PA6 and #PA66 #prices turning a corner? - How do European #PA6 and #PA66 Prices compare? As always, please reach out at [email protected] to learn more about #Thermoplastics and similar #Chemical markets. #Nylon #Polyamide #PA6 #PA66

In today's market synopsis, PP export prices rise by USD 20/mt in the United States. This week, Polypropylene export prices rose in the United States on the back of an improved global trading outlook. FAS Houston PP Copolymer prices were assessed at the USD 1035-1055/mt levels while PP Homopolymer prices were assessed at the USD 990-1010/mt FAS Houston levels, both higher by USD 20/mt from last week. Watch the full market synopsis here: https://lnkd.in/diJQAhMq #PolymerNews #PlasticIndustry #Polymerindustry #Polypropylene #PPprice