Polyolefins-and-PET – Sugar-based-plastics 22-01-2022 - Arhive
Polyolefins-and-PET – Sugar-based-plastics
-Prices Drop for Polyolefins and PET
Projected trajectory is downward for polyolefins, flat to upward for PVC, PS, and PET
Going into January, prices of polyolefins had dropped, most significantly for PP. Despite an announced PE price increase, the trajectory generally projected for both PP and PE was further decline, at least for the first quarter. Contributing factors include rising supplier resin inventories, lower feedstock prices, slowed domestic and exports demand, and new PE capacity scheduled to come on stream. Meanwhile, prices for PVC were expected to stabilize through at least part of the first quarter, while prices of PS and PET were likely to head higher, driven by higher feedstock costs and a tight market in the case of PET. Polyolefins-and-PET – Sugar-based-plastics
These were the views of purchasing consultants from Resin Technology, Inc. (RTi), senior editors from PetroChemWire (PCW), and Michael Greenberg, CEO of The Plastics Exchange.
PE Prices Down to Flat
Polyethylene prices were expected to drop by another 5¢/lb by the end of December. Meanwhile, suppliers issued price hikes of 4¢/lb for January, a move intended largely to stem further price decline, according to Mike Burns, RTi’s v.p. of PE markets, as well as PCW senior editor David Barry, and The Plastic Exchange’s Michael Greenberg. In 2021, PE prices increased by 41-43¢/lb through August, followed by decreases of about 15-17¢/lb in the fourth quarter.
RTi’s Burns ventured that PE prices would be flat to lower for January and February, with more downward pressure within the first half of the year. “While demand is still strong, buying habits have returned to buy-as-needed.” He ventured that PE prices could settle as much as 30¢/lb below the 2021 July peak by the end of the second quarter. “Expectations include steady-to-lower demand, high production rates, potential strong exports, and aggressive 2022 contract negotiations to retain market share.” He noted that the Chinese New Year and The Winter Olympic Games starting this month could impact PE suppliers’ ability to export. Moreover, major new PE capacity is slated to come on stream from Shell and the SABIC/Exxon/Mobil joint venture in the first half. Polyolefins-and-PET – Sugar-based-plastics
-PetCore Europe conference postponed
The conference has been moved to June due to health and safety concerns over the coronavirus pandemic. Polyolefins-and-PET – Sugar-based-plastics
PetCore Europe has announced its annual conference will be postponed to June 14-15. The organization has cited the coronavirus pandemic as the primary reason the conference, originally scheduled for Feb. 2-3, was moved.
“PetCore Europe Management sincerely apologizes for the inconvenience this may cause to all stakeholders, speakers, sponsors, media partners and attendees,” the company said in a statement. “The uncertainty surrounding COVID, considering the health and safety of attendees the delay has been chosen as the best alternative.”
According to the news release from PetCore, the venue and facilities remain as planned at the Doubletree Hilton in Brussels.
The organization also is working with the speakers and sponsors to ensure the in-person meeting moves forward. Polyolefins-and-PET – Sugar-based-plastics
-Prices Drop for Polyolefins and PET
–PetCore Europe conference postponed
–Invista & China Pingmei Shenma Group establish strategic relationship
–FDA Green-Lights Revolution’s PCR-LLDPE for Food Contact
–N+P to expand presence in the UK with backing of Mercuria
–Borouge further commits to circular economy and sustainable development in UAE
–Samsung Collaborates with Patagonia to Keep Microplastics Out of Our Oceans
-Strong, recyclable, and degradable: new sugar-based plastics are a sweet deal
Polyolefins-and-PET – Sugar-based-plastics