Global oil and petchem companies announce Q2 results
Global oil and petrochemical companies started announcing their quarterly financial statements. However, second-quarter earnings varied greatly by company, with several producers claiming record-high profits while others suffering substantial losses due to various headwinds, including elevated inflation and higher production costs... 02-08-2022
STATS: China’s H1 polymer imports lowest since 2017, exports at a record-high
According to ChemOrbis Stats Wizard, China’s cumulative polymer imports in the first half of 2022 posted a yearly decrease of 14% to be reported at about 9.6 million tons, the lowest H1 volume since 2017. Exports, on the other hand, rose 26% on year to hit an all-time-high of 4.8 million tons... 01-08-2022
Turkey PVC markets shrink to 2-year lows, what lies ahead?
Import and local PVC markets continued to shed as the end of July approached. Prices broke below new thresholds this week as sellers yielded to constantly falling bids from Turkish consumers. In the meantime, players have been trying to get more clues about global market conditions as they were perplexed by the recent news from Asia and Europe... 29-07-2022
China’s PP and PE markets shrug off Dalian surge, close July on a bearish note
In China, sluggish demand caused by the uncertainty over the pandemic has kept China’s PP and PE prices on a relentless bearish note since April. Overseas suppliers’ increased availability to China at competitive levels has also challenged the markets recently, extending the slump into late July despite the steady rise in Dalian futures prices... 28-07-2022
