IHS Global Plastics Summit 2016: Massive capacity overhang to drive down PE prices through 201810/11/2016
IHS Chemical Week article - 'During 2016-2018, global polyethylene capacity will grow much faster than demand, driving down prices and margins, particularly for low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE), according to Nick Vafiadis, global business director at IHS Chemical. “At least on paper, we’re looking at what could be a historic level of overbuild, assuming people keep to the start-up schedule we currently anticipate,” he said Thursday at the Global Plastics Summit 2016 in Chicago....' For access to article click here.
Plastics Today article - 'Consumer packaging giant Sonoco (Hartsville, SC) is investing significantly in its high performance film core production equipment at its plant in South Carolina. The investment will enable Sonoco to offer enhanced quality cores for film markets where constantly increasing quality standards are extremely vital to the integrity of the film.' See full article here.
PE and PP transactions appear to be fairly active to start the month according to the Plastics Exchange. See full update here.
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