China boosts polymer imports from US again despite shrinking overall imports in 2022
According to ChemOrbis Import Statistics, China’s polymer imports from the US hit an all-time high of around 1.5 million tons in 2020. This was followed by a slump of %40 in 2021 while this year’s January-October statistics suggest that polymer imports from the US almost caught the previous year’s full data... 01-12-2022
Asian PVC prices cautiously rebound from more than 2-year lows
Prices in Asian markets have seen rebounds after a seven-month bear run, but worries about the global economy, especially over protests in several Chinese cities against Beijing’s strict zero-COVID policies, could still keep any price rise in check... 30-11-2022
Freight rates near pre-Covid levels as pace of normalization accelerates
As spot freight rates near pre-pandemic levels, shipping industry has shifted its near-term outlook and started preparing for a ‘new phase’ in container shipping. Shippers are reported to have been busy renegotiating their long-term contracts and announcing more blank sailings amid efforts to balance supply with reduced demand... 29-11-2022
Bleak outlook for Q1 keeps European PP, PE buyers sidelined
The bleak outlook comes as Europe’s polyolefin markets offer no glimmer of hope amid economic downturn and high energy costs despite vigorous efforts to rebalance supply levels. Meanwhile, a potential influx of import cargoes weighs on the Q1 outlook as overseas cargoes are expected to be calling at European ports early next year... 28-11-2022
