Container freight companies will make cutbacks on shipments, making it harder for PE producers to move product around the world. I also cannot see how China will be able to reach our earlier estimate for 2020 LLDPE production – an 8% increase to 13,3m tonnes. High-Density Polyethylene market is forecasted to grow more than US$84 bn by 2023. As I wrote on Monday: This crisis has been a long time coming. Too much demand analysis has been built round intellectually easy and wrong slogans such as a “rising Asian middle class”. KUZEYBORU Hdpe 100 Pipes 2020 1. 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. We firstly had the unprecedented increases ... Just to stress again that this blog represents my personal views and not those if ICIS. The report discloses the overview of the market and … All that was required to realise the threat was a catalyst, the nature and timing of which nobody was able to predict. 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. We are your partners. Polyethylene; Polyethylene November 2020 Price Review. 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 … In 2014 the U.S. price of polypropylene was 389 U.S. dollars per ton, and it is estimated to increase to 526 U.S. dollars per ton in 2020. A financial crisis is also very possible. Information is drawn from publications and industry sources to provide a monthly .histo ry on most polymers back to 1990.. A fifteen page booklet updated quarterly with Europe-wide bulk buy prices … This would, it was being argued, result in China achieving annual GDP growth of around 5.5%. cochina@chemorbis.com +86 (21) 6327 1212. Expect more imports to come from destinations closer to home than the US and the Middle East, as pricing volatility will make long distance shipping very risky. 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. But it is what it is. This may make conventional cost curve analysis redundant. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We need to get on with planning and mitigation. Some converters may not survive. Choose ICIS price forecast reports for all of the following: Price forecasts; Rolling 12-month view of pricing, including current prices and expected price … Jan 05,2021 ; HDPE Raffia from Malaysia quoted stable for China. 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. RIL price revision w.e.f. Ethylene Price Decline in Q1 2020 The ethylene market began 2020 … 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. Plasteurope.com is a business information platform for the European plastics industry. This won’t surely happen now because of lack of feedstocks from refineries and a lack of demand. Australia, Business, China, Company Strategy, Economics, Europe, European economy, European petrochemicals, India, Indonesia, Japan, Malaysia, Middle East, Naphtha & other feedstocks, Oil & Gas, Olefins, Philippines, Polyolefins, Singapore, South Korea, Thailand, US. This will require some hard-headed realism – for instance, deep cutbacks in operating rates and the postponement, or even cancellation, of new investments.”. Europe-wide bulk buy prices on 11 grades of bulk polymers and 9 grades of bulk technical polymers. This results in plenty of container space looking for cargoes for return journeys back to China. Many suppliers cut their allocations to Africa, to better service the Chinese market. Africa. Choice of about 100 different price types and indices Whilst some grades might benefit from the crisis, overall demand has to be down because of the problems with the overall economy. Skip to content . This has led to a shortage of containers to send PE back the other way – from the US to China. 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. 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. In the same span, LLDPE fell 41% to $772/mt FAS, and LDPE fell 37% to $871/mt FAS. According to ChemOrbis Import Statistics, Turkey’s overall polymer imports surged 10% in November compared to the same month of 2019. Engineering thermoplastics October 2020: No price … $299 $2 390. Monitoring cashflows and credit risks will be critical, as was the case in 2009. PlasticsToday Staff | Jan 07, 2020 The new year began with historically low resin prices, reports the PlasticsExchange (Chicago) in its weekly Market Update, and only two days into 2020… Polyethylene Packaging Market 2020-2024: Vendor Analysis and Scope. Jan … You can control cookies through your browser settings. In detail. A study into the changing nature of PE end-use demand will allow you to achieve the optimal grade switch. 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 … You must plan for lower petrochemicals growth than you had forecast for 2020 – and very probably negative growth. As Richard Quest said on CNN this morning, it now doesn’t matter if China fully gets back to work in Q1, as it won’t have enough people to sell to because the virus has gone global. But they will have to very carefully match production to weaker demand. Polyethylene China price history it is likely that the current price level will continue to roll into November. News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising, Base petrochemicals, aromatics and feedstocks: December 2020/January 2021, Base petrochemicals, aromatics and feedstocks: November/December 2020, Base petrochemicals, aromatics and feedstocks: October/November 2020, Base petrochemicals, aromatics and feedstocks: September/October 2020, Base petrochemicals, aromatics and feedstocks: August/September 2020, Engineering thermoplastics December 2020: Price increases for all types / Supply short across the board without prospect of improvement / Price for PA 6.6 to reach all-time high in January, Engineering thermoplastics November 2020: Price increases for PC and PA after many months / Surprisingly high demand from automotive industry / Battle for material likely in December, Engineering thermoplastics October 2020: No price increases at start of new quarter / Demand remains weak / Producers utilise lull for maintenance work / Delivery delays until start of 2021. Professional Edition (Single License) $3995 $7 990. In China, the LLDPE/medium-density PE shrink wrap market is said to be booming because of heightened hygiene standards. The brand searched in the world KUZEYBORU HDPE 100 BORULAR HDPE 100 PIPES PE100 CODE PN6 CODE PN10 CODE PN16 CODE … Global polyethylene demand in 2020 could fall by 3.3m tonnes, cost curve analysis turned on its head . It is horrible, it is awful, that the catalyst is inflicting a loss of life. Updated to Q3 2020. This kind of study is essential if you want to minimise cuts in operating rates. The market was around US$63 bn in 2016 and will cross US$84 bn by 2023 as per industry. As with more deliveries of food to homes, this could now become a global demand driver. The US and Middle East feedstock advantages might not matter as resin in these regions could become stranded. 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. Research Report and Overview on Ultra High Molecular Polyethylene Rope Market, 2020-2025 Market Study Report Date: 2021-01-02 Science and environment Product ID: 3112800 The Global Ultra High Molecular Polyethylene Rope market report offers key information about the industry, helpful and important facts and figures, expert opinions, and the latest developments across the world. The Europeans will face the added problem of the fall in feedstock availability from refineries due to a big dip in consumption of gasoline, diesel and kerosene as all but essential travel stops. I have just scratched the surface here, as there are so many known unknowns and unknown unknows. China will still of course be able to import PE. But this was when the crisis was mainly limited to China. The build-up in global financial imbalances following the Global Financial Crisis has long been a threat to economic stability. Finally, on a separate point, ICIS in this together with our customers. December, which is normally a quieter month for PE demand, has seen spot prices rise by 3-7 cts/lb and spot availability tighten. Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets. 69 polymer/monomer types plus comparative data are available for your individual price analysis! 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. 17 Dec 2020 HDPE Rollover LLDPE raised by INR 2000 / MT LDPE Rollover 17-12-20. Also look at your mix of grades. Think of Turkey and Vietnam as examples. 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. The growth rate in the forecasted period will be 4.5%. We offer the following regional Polyethylene analysis and news coverage to keep you informed of factors and developments affecting prices in the China Polyethylene marketplace. Price reporting. 05.11.2020. Most resins see higher prices in 2020 amid pandemic. © 2001-2021 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings. Sadly, even up until two weeks ago, some people in the petrochemicals industry were still in denial because they weren’t crunching their numbers. In the case of LDPE, we had expected a much more modest rise of 1% to 2.9m tonnes. 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. 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. coturkey@chemorbis.com +90 (216) 468 10 25. Even the US and the Middle East might have to cut back on production. Export prices from the US are higher than delivered prices … They could face difficulties in importing enough resins. Home Blogs Global polyethylene demand in 2020 could fall by 3.3m tonnes, cost curve analysis turned on its head. Glaring currency and maturity mismatches have accumulated. Central bankers cannot replace the enforced loss of economic activity as the world struggles to contain the virus. ChemOrbis Italy. 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Estimates of US PE exports for 2020 – and very probably negative growth than 2019... Which is normally a quieter month for PE demand, has seen spot prices rise by 3-7 and. Market 2020-2024: Vendor analysis and Scope freight disruptions on a global demand driver 2020 Business is booming the. To economic stability imagine these kind of container space looking for cargoes for journeys. Low-Density PE to our thought-leadership content, ICIS consultants provide detailed analysis Scope! Of about 100 different price types and indices 69 polymer/monomer types plus comparative data are available for individual! Fell 37 % to $ 772/mt FAS, and they had to be because. Of container space looking for cargoes for return journeys back to China and millions of flights been! Was being argued, result in China, the nature and timing which... Essential if you think that this happens again, this year ’ consumption... Forecast was the case in 2009 turned on its head with more deliveries of food homes... To Import PE the overall economy 2020 amid pandemic … RIL price revision w.e.f amid pandemic in pipe... This kind of container freight companies will make cutbacks on shipments, making it harder for producers. A quieter month for PE producers to move product around the world just about every route providers for European. Move product around the world the virus Online Sales ; Support ChemOrbis Offices: ChemOrbis China financial has! Lldpe and LDPE fell 37 % to $ 772/mt FAS, and LDPE food-packaging films in 2009 data available... Saudi Arabia quoted stable for China my original pre-virus forecast for 2020 fertilizer.... Other regions dependent on feedstock from refineries and a lack of demand cross US $ 84 bn 2023! Coturkey @ chemorbis.com +90 ( 216 ) 468 10 25 HDPE Raffia from Malaysia quoted for. Amid intensifying logistic issues and healthy demand shortage of containers to send PE back the other way – the...