Waning cost support, demand sour PET sentiment in Italy and West Europe
Regional PET bottle markets plateaued in August after rallying for three months between May and July, while the sentiment has turned softer recently as rebalancing supply-demand dynamics coincide with waning cost support, cementing reversal expectations among players... 05-09-2024
India’s PP, PE markets extend declines in Sept; will post-monsoon demand kick in?
The ongoing monsoon season has dampened sentiment in India's polyolefins markets, with predictions of heavy rainfall through September and October continuing to suppress downstream demand and pressure prices. Traders indicate that the prolonged wet season may continue to weaken sentiment over the next month. However, some voices are anticipating a potential market turnaround, expecting buying for the post-monsoon season to begin by mid-September... 04-09-2024
Local PVC prices see fresh drops across Southeast Asian markets
As of the week ending August 30, domestic PVC prices in Indonesia and the Philippines experienced renewed declines after weeks of stability. Meanwhile, prices in Thailand and Vietnam continued to fall, dominating local markets for another week. Even with Southeast Asia’s strengthening local currencies, prices still trended downward in US dollar terms, as shown in the graph below created by the ChemOrbis Price Index... 03-09-2024
Stats: EU27’s H1 2024 polymer imports down on year; PVC sees sharpest decline
H1 2024 polymer imports to the EU27 from extra-union partners fell by 6% compared to the same period of 2023. Total polymer imports in the first half declined to around 4.7 million tons, marking the lowest volume since 2021... 02-09-2024
