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Home Blogs Global polyethylene demand in 2020 could fall by 3.3m tonnes, cost curve analysis turned on its head. Thanks to the ability to produce this versatile, recyclable polymer inexpensively, the value of the United States PE industry is forecasted to be $21.3 billion by 2022.¹ By Shell Polymers on Oct 18, 2019 A financial crisis is also very possible. This has led to a shortage of containers to send PE back the other way – from the US to China. At least one of the new plants slated to start up by year-end 2019 will ramp up in early 2020, that being LyondellBasell's new 550,000 HDPE plant alongside the Houston Ship Channel. saved and managed at the click of a mouse! Central bankers cannot replace the enforced loss of economic activity as the world struggles to contain the virus. $299 $2 390. Polyethylene Packaging Market 2020-2024: Vendor Analysis and Scope. Sooner than many people think, demand for oil... By John Richardson THIS IS VERY much a personal plea to our industry about what I see as the biggest... By John Richardson CHINA’S Belt & Road Initiative (BRI) is alive and kicking and will, in my v... By John Richardson IT COULD be very complicated and yet, as the chart above indicates, it might inst... By John Richardson THERE SEEMS to be few risks ahead for the global polyethylene (PE) market over th... By John Richardson IT WASN’T supposed to be like this. Petrochemical industry | 29 Dec 2020 14:15 IST | Polymerupdate.com This week, LDPE prices drifted lower across the Asian regions. This would, it was being argued, result in China achieving annual GDP growth of around 5.5%. Assuming that this happens again, this year’s consumption would be 3.3m tonnes lower than in 2019. We offer the following regional Polyethylene analysis and news coverage to keep you informed of factors and developments affecting prices in the Europe Polyethylene marketplace.. Price reporting You must plan for lower petrochemicals growth than you had forecast for 2020 – and very probably negative growth. This may make conventional cost curve analysis redundant. We are your partners. Also look at your mix of grades. For the historic record, they were 3.8m tonnes of total HDPE exports, 4.6m tonnes of LLDPE and 1.5m tonnes of low-density PE. Many suppliers cut their allocations to Africa, to better service the Chinese market. Now imagine these kind of container freight disruptions on a global scale, affecting just about every route. Ethylene and propylene prices have had an interesting start to the year – both markets have seen prices drop, but at very different rates. Glaring currency and maturity mismatches have accumulated. Global polyethylene demand in 2020 could fall by 3.3m tonnes, cost curve analysis turned on its head . December, which is normally a quieter month for PE demand, has seen spot prices rise by 3-7 cts/lb and spot availability tighten. Macroeconomic thinking instead needs to be brought in-house and must be more complex and scenario-based in order to better prepare for events like this. Moreover, the sentiment … By John Richardson YOU CANNOT stimulate economic activity when factories and off... By John Richardson EVERY DAY that goes by when China is not entirely back at wor... By John Richardson THE END of the oil age is arriving. Plasteurope.com is a business information platform for the European plastics industry. We provide International Polymer Market prices news in everything you need to know to stay informed and react to changing market conditions on real time basis with breaking news as it happens. Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets. Today's Polyethylene prices with latest Polyethylene charts, news and Polyethylene futures quotes. As with more deliveries of food to homes, this could now become a global demand driver. 17 Dec 2020 HDPE Rollover LLDPE raised by INR 2000 / MT LDPE Rollover 17-12-20. 69 polymer/monomer types plus comparative data are available for your individual price analysis! A study into the changing nature of PE end-use demand will allow you to achieve the optimal grade switch. As I wrote on Monday: This crisis has been a long time coming. High-Density Polyethylene Market Forecast. By John Rich... By John Richardson DIFFICULT choices lie ahead for exporters of polypropylene (PP), styrene monomer ... ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries. Polyethylene news and market information products from ICIS. Global Polyethylene IV Bags market report analyses the market growth, trends, overview & forecast to 2025.The report covers key technological developments in the recent times and profiles leading players in the market and analyzes their key strategies. Sadly, even up until two weeks ago, some people in the petrochemicals industry were still in denial because they weren’t crunching their numbers. High-Density Polyethylene market is forecasted to grow more than US$84 bn by 2023. It was still being assumed that if China brought the coronavirus outbreak under control in Q1, this would lead to a swift rebound in its economy as huge stimulus from Beijing kicked in. Global Chlorosulphonated Polyethylene (CSM) Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 released at MarketsandResearch.biz offers widespread assessment and emphasizes fundamental synopsis of the global industry, embracing categorizations, applications, explanations, and manufacturing chain structure. A decade of ultra-low interest rates and quantitative easing has flooded the globe with highly unstable forms of funding denominated in dollars, with no guarantor standing behind them. The latest research report provides a complete assessment of the Global High-density Polyethylene market for the forecast year 2021-2030, which is beneficial for companies regardless of their size and revenue. Jan … ICIS publishes pricing reports for key polyethylene grades and offers timely and in-depth market data, including price assessments, trade activity, feedstock supply and analysis of each region’s current and upcoming export availability. Prices for all Polymers, Petrochemicals and Solvents on a Daily Basis Polyethylene (PE) prices quote stable in GCC Petrochemical industry | 21 Dec 2020 15:10 IST | Polymerupdate.com Polyethylene November 2020: Producers have little success with calls for increases / Lack of imports / First signs of stockpiling in some segments / Start of December slowdown makes margin improvements unlikely . RIL price revision w.e.f. The market was around US$63 bn in 2016 and will cross US$84 bn by 2023 as per industry. The North American polyethylene (PE) market is finishing 2020 at a gallop, with producers eyeing an unusual December price increase and lining up price increase letters for January, as well. Polyolefin markets of Turkey are readying to end 2020 on a strong note. taking advantage of Beijing’s recent decision, Global PVC demand could fall by 1.1m tonnes as coronavirus crisis becomes global, Decline of 2.1m tonnes in 2020 global polypropylene demand now seems best possible outcome, Collapsing battery costs point to ever-declining forecasts for oil demand, Sustainability means reducing carbon emissions as well as plastic waste, China’s BRI will go from strength to strength, redrawing global petrochemicals map, Assessing global PP prospects next year: seeing the simplicity through all the complexity, Risks ahead for global polypropylene much greater than for polyethylene, Polyethylene demand boom should not obscure focus on major changes in industry fundamentals, Sustainability, the pandemic, demographics and geopolitics – how petchem companies respond will define their success, Exporters of PP and SM to China seem to have options other than shutdowns, but not PX exporters, Please find more information on the cookies used on our site here. Updated to Q3 2020. HDPE BM: 880-1,000 €/t, HDPE IM: 820-950 €/t, HDPE FILM: 880-1,000 €/t, In the third week of November, HDPE (100) prices … But single-use packaging demand will receive some support from more deliveries of takeaway food to people’s homes across many countries as quarantine restrictions spread, as is the case in China. Pricing and Online Sales; Support ChemOrbis Offices : ChemOrbis China. In the case of LDPE, we had expected a much more modest rise of 1% to 2.9m tonnes. This structure is prone to an abrupt “dollar crunch” should borrowers in China, east Asia, emerging markets, or even parts of Europe suddenly start scrambling for scarce US currency to repay bonds and loans in a crisis. Jan 05,2021 ; HDPE Blow from Saudi Arabia quoted stable for China. A financial crisis is also very possible. The build-up in global financial imbalances following the Global Financial Crisis has long been a threat to economic stability. This will be for instance good for HDPE injection grades that go into rigid food containers, and for LLDPE and LDPE food-packaging films. This results in plenty of container space looking for cargoes for return journeys back to China. Durable and non-durable goods are being wrapped in thicker layers of film – and sometimes also multiple layers of film, to prevent coronavirus from spreading. These polyethylene prices 2020 are certified and customized. NOTHING that’s happened over the last few days that should surprise anyone who has been following my blog over the last few years. The same issue will apply to crackers in other regions dependent on feedstock from refineries. Even the US and the Middle East might have to cut back on production. Available for polypropylene and polyethylene, the reports are quick to read and support fast decision-making. CCFGroup: 2020 chemicals & chemical fiber price changes: Jan 5 2021 9:34AM : DCE LLDPE futures for May opens 55 higher: Jan 5 2021 9:14AM : Petrochemical market morning express (Jan 5, 2020) Jan 5 … Polypropylene November 2020: Homo grades flat after C3 rollover / Low copo prices pulled up slightly / Outages begin to bite / Minor hikes in December. EU - Polyethylene - Market Analysis, Forecast, Size, Trends And Insights Update: COVID-19 Impact. Polymer Price Profile . Ethylene and propylene prices have had an interesting start to the year – both markets have seen prices drop, but at very different rates. The US and Middle East feedstock advantages might not matter as resin in these regions could become stranded. But this was when the crisis was mainly limited to China. Polyethylene news and market information products from ICIS. The sharp slowdown in international trade raises challenges for countries with very little or no PE production. I am sure that these will need to be revised down. We need to get on with planning and mitigation. Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com, Global polyethylene demand in 2020 could fall by 3.3m tonnes, cost curve analysis turned on its head. Normally, container freight rates from the US and China are very competitive because of the strong flow of finished goods from China to the US. I have just scratched the surface here, as there are so many known unknowns and unknown unknows. In the same span, LLDPE fell 41% to $772/mt FAS, and LDPE fell 37% to $871/mt FAS. Most of the PE types covered by this report saw prices decline in line with the €10 ($12) a tonne reduction in the ethylene cost. In addition to the extra opportunities for the South Koreans and Southeast Asians to export to China, European PE producers might face less competition from the US. Polyethylene; Polyethylene November 2020 Price Review. 05.11.2020. Period Price List KUZEYBORU. Global Polyethylene IV Bags Market analysis report speaks about the manufacturing process. Now of course the crisis has gone global. The increases previously considered by producers were quickly abandoned, and they had to be content with a rollover at best. Global trade flows could seize up because of the cutbacks in container traffic as activity at ports across the world slows down due to a lack of demand and quarantine measures. The report discloses the overview of the market and … Choice of about 100 different price types and indices Because of a sharp drop in Chinese demand and the seizing-up of global container shipping, exporters probably won’t be able to take big advantage of the shortfalls in Chinese production. Engineering thermoplastics August 2020: Polycarbonate prices freeze / Glass fibre-reinforced polyamides down / Longer-term agreements stabilise PBT business / PMMA price will follow increase in cost of MMA, Polyurethane feedstocks December 2020: Isocyanates still soar unchecked / Some plants restart / Inventories remain low / Fragile market / Holidays could bring relief, Polyurethane feedstocks November 2020: Isocyanates still rising / Polyols follow / Demand exceeds supply / No relief before mid-December, Polyurethane feedstocks October 2020: A scramble for isocyanates and polyols / Demand clearly exceeds supply / Bottlenecks expected well into November, Polyurethane feedstocks September 2020: Prices climb even higher / Strong demand and tight supply / Upswing likely to continue into October, Polyurethane feedstocks August 2020: Triple-digit hikes on strongly higher demand / Isocyanate output slowly normalises / More hikes in September, Engineering recyclate December 2020: Occasional increases filter through to recyclate material / Further movement expected in January / Supply of base material sometimes inadequate / Bottlenecks on primary markets, Standard recyclate December 2020: Prices mostly unchanged / Still no effects from increased virgin-material prices / Notable premiums only for rPET / Recyclers aim for price increases in the New Year, Engineering recyclate November 2020: Prices of reinforced types rise due to bottleneck with short glass fibres / Automotive demand much livelier / Across-the-board increases for secondary material unlikely before January, Standard recyclate November 2020: Prices trending horizontally / Only rPET continues downward trend / Increased demand for rPE and rPP / No major movements expected for rest of year, Engineering recyclate October 2020: Prices stay put in October / First signs of a possible move to lift prices for some polycarbonate and polyamide materials / Demand mostly modest, Standard recyclate October 2020: Discounts on rLDPE and rPET / Other grades remain stable / Demand still mostly subdued / Price pressure in the weeks to come most likely for rHDPE pipes and rPET, Polyethylene December 2020: Pandemic-related stockpiling boosts demand / Significant rise in prices / Upward trend unlikely to turn around in January / Ordering could see a small dip, Polypropylene December 2020: Hikes outpace C3 rise / Tight market gives producers tailwind / Further increases mulled to improve margins, Styrenics December 2020: Sharp SM cost increase fuelling price rally / PS and especially ABS particularly scarce / Prices reach annual highs / Further premiums expected in January, PET December 2020: Notations remain unchanged in slack environment / Imports still thin on the ground / Disappointing demand as pandemic flares up again / Firming of precursor products could drive prices in January, PVC December 2020: Prices trend further upwards / Supply tight while demand remains strong / Supply situation expected to stay tense in January / Further increases expected, Standard thermoplastics trend December 2020: Prices climb on a broad front / Producers win significant margin gains / Supply bottlenecks with all materials / No respite expected in the short term, Composites/GRP November 2020: Ortho resins point upward / Increases already seen / Styrene tight in Europe / Slight rise for glass-fibre roving, Composites/GRP October 2020: Resins and glass fibre flat / Little impetus from demand side / Minor increases possible at end of November, Composites/GPR September 2020: Resins rise as feedstocks sink / Demand gradually recovers / Supply varies regionally / Glass fibre eases somewhat, Composites/GRP August 2020: July firming leaves few traces / Little momentum overall / Glass fibre products also mostly stable, Composites/GRP July 2020: Resins make up June's dip / Livelier demand meets summer lull / Producers' hike plans for August unlikely to succeed, China engineering thermoplastics November 2020: Prices for most grades surge amid higher feedstock prices, low supply and robust demand / Market situation expected to move towards equilibrium in December, China standard thermoplastics November 2020: Prices of polymers and feedstocks rise across the board / Low supply levels support bullish sentiment / Futures market strong due to vaccine optimism, North America November 2020: Prices stable to firmer / PE and PVC cool down / PP still rising / High feedstock costs push up styrenics / Further increases expected, Russia November 2020: Increases for all polymer types / Ethylene shortage causing isolated supply bottlenecks / Exports increasing / Further price rises likely in December, North America October 2020: Prices ease except for PVC and ABS / Production recovers from hurricane damage / Widespread inventory-building / Little fresh stimulus expected in November, China engineering thermoplastics October 2020: Prices broadly higher as demand picks up / Home appliance sector at 10-year high / Supply low to normal / Mixed picture for November. 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