PVC demand lags behind expectations despite high season in Europe
May has been a month of moderate drops in Europe’s PVC markets following the longest rising streak. A decline in purchasing activities was cited as the key factor behind the recent softening as several players confirmed that overall consumption is lower despite the high season... 20-05-2022
Egyptian polyolefin markets assess impact of new import rules
The Central Bank of Egypt’s decision to reverse its rules requiring importers to get letters of credit (L/Cs) was welcomed by market players in a bid to improve supplies. However, players largely remained cautious amid a challenging macro-economic environment in Egypt... 19-05-2022
Indian PP, PE markets remain bearish ahead of monsoon
Surplus import availability from China, as a result of Beijing’s stern restrictions to stem the spread of COVID-19, has been keeping Indian PP and PE markets bearish, which would likely continue at least for the next couple of months as the monsoon sets in... 18-05-2022
Strong US dollar renders Asian PP, PE imports uncompetitive
The soaring dollar against global currencies has led to PP and PE imports getting uncompetitive against locally sold products across China, Southeast Asia and India as import costs rise, traders said... 17-05-2022
