Tightening supplies embolden PP producers to hike prices in SE Asia
Despite resistance from buyers, import PP markets in Southeast Asia have risen as producers held back on offers hoping for prices to rise and supplies kept tightening as a result of a prolonged period of buying inactivity... 20-09-2022
European PP, PE lose premium over global markets, what lies ahead?
Regional PP and PE markets have been trading at a historic premium over other global markets including China, Southeast Asia and Turkey since H2 2021. However, Europe’s premium over these markets has visibly narrowed as polyolefin markets have seen strong drops in the past 5 months in line with the global downtrend... 19-09-2022
Turkey’s PVC market in flux amid calm demand, reduced supply
Import PVC prices have moved sideways recently as the market has been balanced between lower supply and limited consumption in Turkey. The easing supply pressure encouraged sellers to adopt firmer pricing policies, which lured buyers back to the market earlier in September. Nonetheless, hike attempts appear to have failed due to subdued end demand... 16-09-2022
China PE markets cautiously rebound after 5-month downtrend
In China, import PE prices have slightly firmed up after the end of the Mid-Autumn Festival while local prices have extended their gains into the second week. This followed a downtrend that permeated the markets since April... 15-09-2022
