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North America
Europe’s PP, PE outlook blurred by rising geopolitical tensions
Following a three-month downtrend, European PP and PE players are reassessing the outlook for July amid rising crude oil and freight costs, as the conflict between Israel and Iran rattles markets. Fears are mounting over further disruptions to Red Sea shipping lanes and possible ripple effects across global supply chains... 18-06-2025
Tariff uncertainty, new tax rules hit Vietnam’s polyolefin demand
A bearish tone continued to dominate Vietnam’s PP and PE markets in the first half of June, with local prices hitting multi-year lows and import prices mostly stable, according to ChemOrbis Price Index. Weak seasonal demand, ongoing uncertainty surrounding US tariffs, and the recent rollout of a new domestic tax policy have all eroded buyer confidence and market momentum. Many players have adopted a wait-and-see approach, deferring purchases in anticipation of clearer direction from both local and global developments... 17-06-2025
India’s PVC rally gains pace: Buyers brace for China exit as BIS looms
The Indian polyvinyl chloride (PVC) market is experiencing a significant uptrend, with import prices surging dramatically towards the end of the previous week. Apart from the rising freight rates, the bullish sentiment is also fueled by strong expectations that the Bureau of Indian Standards (BIS) will implement its proposed regulations by the end of June, a move anticipated to profoundly reshape PVC trade flows and market dynamics... 16-06-2025
Türkiye PVC market struggles to find post-holiday momentum
Players returned from the Eid al-Adha break on Tuesday, but the long-awaited rebound in demand remained elusive. Indeed, most PVC sellers maintained their firm stance on the back of higher container prices and firmer prices in the key Indian market. Nonetheless, converters appeared in no rush to make fresh purchases amid sufficient resin and end-product availability. Sellers who had attempted to push through hikes ahead of the holiday found little traction amid tepid buying interest, especially for the mainstream K67 grade... 13-06-2025
