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
Container freight rates continue to tumble amid muted peak season
Demand for containerised freight is coming under increased pressure amid a decrease in consumer demand and growing inventories. As most major importers shipped peak season orders earlier than usual to avoid space issues, the magnitude of this peak season has been less pronounced than previous years... 27-07-2022
European ABS market yields to demand plunge, higher supplies
After opening the month with rollovers to slight hikes, regional ABS sellers had to revise their July offers down to rollovers or decreases from June. Despite being relatively modest, initial hike attempts proved unworkable due to visibly falling demand and lengthening supplies amid the arrival of imports... 26-07-2022
