Demand from China has started showing signs of improvement as inventory levels with buyers dip, and also on optimistic market outlook on news of the US$586 bln economic stimulus package announced by the Chinese Government to boost its floundering economy. After successful conclusion of deals at US$775/MT CFR China, HDPE offers firmed by almost twenty dollars. Since sellers have liquidated several cargoes last week and are currently not pressed by high inventory levels, they do not seem to be willing to down adjust offers and have in fact deferred quotes.
Improvement in demand will also see raising of run rates at several plants across the region, that had been lowered.
Previous News
Next News
-
Ineos to unite management of European Olefins and Polyolefins businesses
-
La Seda agrees to 15-year finance package for PTA project in Portugal
-
LyondellBasell introduces Alastian -a no-frills online polyolefins business in China, India and Vietnam.
-
Global Cumene/Phenol & Polycarbonate Analysis
-
BASF lowers profit forecast again and mulls redundancy of 80 factories
-
New inorganic, UV absorbers for transparent film, bottle packaging applications
-
DSM Engineering Plastics, Valeo join forces to develop fuel-efficient, low emission auto components
-
New vacuum cups provide elasticity of rubber, wear resistance of plastic
-
Octal Petrochemicals' integrated PET & APET facility on verge of completion
-
New collaboration to further broad commercialization of high quality, 3D image holograms
-
NGR & ENGEL Showcase Thin Wall rPET Moulded Cups With IML
-
Sidel's Nitro Square – The Stand- Out Square Bottle For Nitrogen Dosed Water
-
Manufacturing to Brand Building: India’s Plastics Industry Steps Into Its Next Era
-
Indorama Inaugurates a New Recycling Line in San Roque
-
Indorama Ventures, Varun Beverages Form Joint Venture For 100,000 Tons of PET Recycling
-
World's First Plant-Based Plastic Christmas Trees
-
Enhancing Mechanical Recycling Quality Through Research in Plastic Sorting, Decontamination, Compounding and Analysis
-
AIMPLAS Develops a Project To Reduce Odors In Cars With Contaminant- Free Recycled Material
-
LyondellBasell Unveils New Polypropylene Impact Copolymer: Pro-Fax EP648R
-
BASF Inaugurates New NPG Plant at Zhanjiang Verbund Site and Launches NEOL® NPG with Reduced Product Carbon Footprint
20-Nov-08 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}