PP, PE already back to 2020 lows in China; prices poised for further drops
The sentiment in China’s polyolefin markets has been weak since February but the price slump has gained momentum particularly in the past couple of weeks, as import spot prices have moved to their lowest levels since 2020 based on ChemOrbis data. While LDPE's flagging performance has changed traditional norms in PE markets, PP markets have already been readying for new lows... 01-06-2023
Local PE prices remain bearish, nearing multi-year lows across SE Asia
Local LDPE prices in Southeast Asia have hit the lowest in two and a half to three years in the face of falling demand and ample stocks, while LLDPE and HDPE markets have largely faced relatively limited losses... 31-05-2023
European PP, PE buyers sideline ahead of further drops in June
Regional polyolefin markets are bracing for another round of steep drops in June, which would mark the third straight month of decreases. Bearish expectations for the imminent contracts and intensifying supply-demand imbalance paved the way for an unpromising outlook despite seasonality... 30-05-2023
China’s April PE imports fall to around 1 million tons, lowest since 2018
Data from ChemOrbis Import Statistics show that China’s PE imports in April decreased by 13% from the previous month to around 1 million tons. This indicated the smallest monthly volume since February 2018. Cumulative PE imports for January-April also suggest a big slump particularly for HDPE... 29-05-2023
