Prolonged supply issues gave Turkish PVC players a rough ride throughout the second half of 2020, with tightness sparking the longest-ever uptrend in the country. Recently, a bunch of developments has signaled that the market may have finally reached the ceiling...
Gains by China’s PET market have continued for another week amid firming upstream costs. According to ChemOrbis Price Index, PET bottle prices on FOB/ex-warehouse China basis have hit the highest levels since early March. The uptrend has also been supported by demand despite the low season...
Import PVC markets in Asia have seen relentless hikes since mid-May, with K67 prices on CIF China and CIF India basis having surged 92% and 116%, respectively, to record highs. The uptrend was particularly fierce during the October-December period since a number of force majeure events in the US and Europe exacerbated the supply tightness across the globe...
In Africa, regional polyolefins markets kicked off 2021 on a firm footing as tightness continued to add pressure on prices. Overall demand in Africa started to pick up after the year-end holidays, but varied from region to region...
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