PET bottle prices in Europe have remained rangebound, with regional markets experiencing a slow start to the new year. While producers await an opportunity to increase their offers in pursuit of improved margins, subdued demand has hindered any attempts at price hikes. Spot prices currently hover at more than a-year low after following a stable to softer trend since August...
With overall market activity slowing ahead of the Chinese New Year holiday, polyolefin players in China and Southeast Asia, where demand has remained persistently weak, have begun sharing their expectations for the post-holiday market outlook. This year, the holiday falls in the final week of January, with markets traditionally resuming activity well after their official conclusion...
After hitting seven-month lows in the second half of November 2024, import ABS prices in Asia largely remained stable, except for a slight increase in China two weeks later. However, the import market resumed downward trend during the week ending on January 10, while local prices inside China continued a two-week decline amid a double whammy of poor demand and weak costs...
While China’s PP markets edged up thanks to a slight improvement in market fundamentals, PE prices remained under pressure amid sluggish demand and declining futures during the week ending on January 10. PE sellers managed to hold on to their import offers but offered some discounts to local buyers, leading to further weakness in the domestic market...
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