High inventory levels continue to weigh on sentiment in the US polypropylene (PP) market, with participants currently anticipating that contracts might settle lower for a fourth consecutive month.
Turkish polypropylene (PP) prices are stable to firm this week, with market sentiment beginning to turn positive.
Sasol has pushed back the estimated start-up date for its new cracker in Lake Charles, Louisiana to July, a five-month delay from its most recent estimate, as projected costs of the petrochemicals com
The Alliance to End Plastic Waste (AEPW), armed with an initial funding commitment of $1bn, has the potential to be a game changer for the polymers industry.
Following a decrease of 7 cents/lb ($154/tonne) in December, US PS (polystyrene) prices have settled lower again – dropping by 2 cents/lb – in January amid lower upstream prices in December.
US ethylene spot prices narrowed with a slightly lower midpoint than the prior week amid a decline in upstream ethane costs, and as sentiment was hampered by anticipated production from new capacity.