CANEI Corporation

PET: Oversupply in PET continues to keep prices low. In addition, sharp declines over the last few weeks in PTA & MEG feedstock has reduced prices further. This is against the fact that the summer months are supposed to be peak demand for PET. Feedstock PTA & MEG is starting to rebound slowly but we don't expect a big change in PET prices over the next month. http://www.caneicorp.com/pet-wk-25-demand-for-pet-weak-des/

PVC: India has been driving additional PVC demand. This has slowed down due to the South Asian monsoon and expected to remain slow over the next month. Slower demand in China over the last few months has also impacted PVC prices. In addition, restarting of Ethylene plants will continue to reduce PVC prices.- http://www.caneicorp.com/pvc-wk-25-reduction-in-pvc-prices/

PP: The biggest development has been that China has now started exporting PP materials to the rest of Asia. Huge amounts of PP supply has come online using Coal this year. This will keep PP prices depressed. In addition, slowing demand in China will lower PP prices over the short term. Further, Ramadhan & the South Asia monsoon will mean lower demand until end July. - http://www.caneicorp.com/wk-25-jun-pp-china-starts-exporti/

PE: As ethylene plants come back online in Asia, polymer prices will continue to go down. Oil prices look stable and demand from China remains weak - this will keep oil prices stable, if not lower. Slowing demand in China for PE, Ramadhan and the South Asian monsoon will keep demand depressed over the next month for PE. - http://www.caneicorp.com/wk-25-jun-pe-pe-prices-will-conti/

Further proof that Oil Prices will never reach $100 highs again: In Jan. 2015, Saudi Arabian company ACWA Power surprised industry analysts when it won a bid to build a 200-megawatt solar power plant in Dubai that will be able to produce electricity for 6 cents per kilowatt-hour. The price was less than the cost of electricity from natural gas or coal power plants, a first for a solar installation. Electricity from new natural gas and coal plants would cost an estimated 6.4 cents and 9.6 cents per kilowatt-hour, respectively, according to the US Energy Information Agency.

Polymer prices have gone up heavily over the last few weeks. Find out the reason why: http://linkd.in/1wHhK7a

Have a look at our latest polymer market intelligence report for Mid December.

December Polymers Report PP Lower oil prices due to high supply means that feedstock pricing will continue to decline. Producers have been trying to arrest the decline by lowering operating rates.... According to indications, December decreases are expected to be around $20 30/MT. Click here to view the report: http://www.caneicorp.com//u/2014/11/PP-December-Report.pdf

December Polymers Report PET All feedstock has gone up between $10 and $80 due to tight supply. Demand, however still seems weak and new plants scheduled to be opened up in 2015 will mean that feedstock will not drastically go up and PET prices should hover around 2014 prices.... Click here to view the report: http://www.caneicorp.com///2014/11/PET-December-Report.pdf

December Polymers Report PVC Lower ethylene prices due to weak energy markets have meant that PVC prices and feedstock have continued to decline. This is expected to continue until equilibrium is reached with oil prices, expected to be around $65 per barrel.... Demand is still weak. Click here to view the report: http://www.caneicorp.com///2014/11/PVC-December-Report.pdf

December Polymers Report PE OPEC maintained its supply and oil prices went tumbling further. Saudi Arabia, the biggest producer, did not cut supply because continuing lower prices will push shale producers out of the market, reduce excess supply and raise prices.... According to indications, December decreases are expected to be around $30/MT. Click here to view the report: http://www.caneicorp.com//u/2014/11/PE-December-Report.pdf