Vietnam local PP, PE markets stay on downtrend as demand still sluggish
Domestic prices of polyolefins in Vietnam have stayed on a downtrend since early February on lukewarm demand and adequate availability. Most players expect the downtrend to continue in the near term... 14-03-2023
Subdued PP, PE demand weigh on March hikes in Europe
Regional players have reported receiving new polyolefin offers from their suppliers with increases from last month. However, some distributors have been forced to trim their initial hike targets since activity has not been up to expectations so far. Even rollovers passed through deals in some cases as the prolonged production hiccups outweighed supportive costs in the shade of recession... 13-03-2023
Cost-driven hikes keep Asian PET bottle prices on uptrend for two weeks
PET bottle prices across Asia have been gaining ground for the past two weeks, mainly driven by higher upstream values. Some players have reported signals of a slight recovery in demand, which has also reinforced firmer sentiment... 10-03-2023
Global PP markets buckle up for massive capacity additions from China
According to the latest data from ChemOrbis Production News Pro, global PP markets are readying to face huge capacity additions in 2023. More than 10 million tons of new PP capacity is slated to come online globally, 80% of which is from China... 09-03-2023
