Plant Updates Reports 09-May-2024

Latest Blogs

• India Recycled PET: Tighter bales, flakes supply push up prices / Upstream bottle bales prices in India rise week over week / Asian R-PET flakes fall $5/mt week over week, pellets stable
• Asian Recycled PET: Prices rangebound on bearish demand / High freight costs limit export activity to US and Middle East / Mixed demand on regional demand given virgin price gains
• Asian PET: Prices rise on tight supply, export demand firms slightly / Upstream PTA, MEG prices rise week over week / Export demand from Europe, Africa strengthens: producer
• South Asia Acetic Acid & Derivatives: Acetic acid falls on cargo arrivals; VAM firm / Arrival of cargoes improves port inventories / VAM supported by tight regional supply, China plant outage / Thin spot discussions due to Chinese Golden Week holiday
• Asian Acetic Acid/VAM: Prices rise on tight supply, feedstock costs / INEOS Malaysia plant restarts at 80% capacity / Guangxi Huayi shuts VAM unit for 20 days / East China VAM prices up 2.89% on week
• India PTA: Price down WOW tracking upstream values, fall in freight costs / Buyers risk-averse amid volatility in upstream prices / Spinners unable to pass on costs to fabric mills
• Asian PTA: Stable on week tracking PX / PX prices rise $3/mt on week / PTA trade slows amid Golden Week holidays
• Asian ABS: Prices rise on increasing trading activity / Feedstock costs climb $65/mt to $1,744/mt / Buyers delay purchases on feedstock surge
• Asian PS: Prices rise tracking firm upstream styrene / Styrene monomer rises amid lower China stocks / Buyers delay purchases expecting price drops
• South Asian PP: Prices rise led by upstream; weak demand caps increase / Indian producers' inventories remain tight / India pen market at discount to producers' prices