Chinese ethylene-based PVC export offers break below $700 for first time in 20 months
Export PVC prices out of China have followed a downtrend for nine weeks, except for a one-week stability observed in mid-June. The weekly average prices for ethylene-based K67 on an FOB China basis have plunged to a three-month low. Notably, the lower end of the price range has fallen below the $700/ton threshold, last seen in late November 2022... 08-08-2024
India’s import PP and PE markets fall as monsoon strengthens
After two months of rising prices, downward pressure on polyolefin prices has returned to the Indian markets, as freight rates have fallen, and monsoon rains have strengthened appreciably. Torrential rains across the Indian subcontinent have led to flash floods and landslides that caused damages to infrastructure as well as loss of lives... 07-08-2024
LyondellBasell details plan to review European assets: More plant closures ahead in Europe
Facing market challenges, cost pressures, and evolving regulations, European petrochemical producers are undertaking strategic reviews to protect margins and ensure profitability. LyondellBasell, who announced a strategic review of the European assets in early May, has detailed the near- term targets recently. Now that the petchem industry rationalization has evidently kicked off, the question is: how many more plants will face closures across Europe?... 06-08-2024
PPH-propylene delta hits 9-month low in China
In China, mid-June marked a turning point for both the import PPH and propylene markets. Since then, while import homo-PP raffia and inj. prices have dropped from their 16-month highs, spot propylene on a CFR China basis has mostly followed an uptrend, except for the first week of July. This led to a significant decrease in the delta between them... 05-08-2024
