PE markets remain bearish, but are competitive offers from US fading?
Import PE prices across major markets have been tracking a downward trajectory since around mid-April in the face of weaker global demand and comfortable supplies. Although bearish sentiment still persists amid economic headwinds, players in some export destinations report that competitive US offers have mostly disappeared this week... 12-08-2022
Premium of Turkey and SE Asia over China nears pre-pandemic norms in PP markets
The historic premium Turkey and Southeast Asia carried over China in PP markets for more than two years has been shrinking since April. ChemOrbis data suggest that this unusually big gap, driven by skyrocketing freight rates, between China and other markets is now coming back to the pre-pandemic norms. Here is how and why:... 11-08-2022
Will Asian PVC markets move up to match Taiwanese Sept PVC pricing?
A major Taiwanese producer rolled over its August prices into September for Asian destinations. Although players have widely questioned the bottom across the region lately, they are taking the producer’s September prices with a pinch of salt given the prevailing market level, comfortable supplies and underlying demand concerns... 10-08-2022
Mid-Eastern PP, PE markets fall for fourth month running in August
Polyolefin prices in the Middle Eastern markets fell for the fourth month running amid a combination of bearish factors, including softer demand from derivative sectors, volatility in energy and raw material costs, higher inventories, challenging economic conditions, and an unpromising outlook for the near-term... 09-08-2022
