PP and PE markets set to rebound from two-year lows in Europe
Firmer expectations have come to the forefront in Europe’s PP and PE markets following a 2-month long downtrend. Regional suppliers intend to issue hikes in February, pointing to higher monomer expectations, supply cutbacks as well as firming in other global markets. This has already led to a shift in the market sentiment, spurring demand for resins... 30-01-2023
PET sellers hunt for signs of market bottom in Europe
Europe’s local PET bottle markets have seen players talking about the bottom this week following up to €90/ton drops on January deals. Although demand remained unresponsive to the recent talks about a stabilization and uncertainties about the costs’ side lingered, the rising import offers drove a cautious optimism on the part of sellers... 27-01-2023
India’s import PP, PE markets rebound in Jan after several months of declines
Import prices of PP and PE in India have risen from previous month’s levels as tightness in supplies, which has resulted in oversold positions, has prevailed over buyer resistance. Indian traders expect the bullishness to continue in the near term, riding on the easing of COVID curbs in China and the infrastructure sops expected in the Indian budget ahead... 26-01-2023
Tight supplies keep Asian PVC markets bullish
Asian PVC markets were holding on to previous levels during the week as most markets in the region were celebrating the Lunar New Year holidays but the sentiment stayed markedly bullish, as supplies were tight. There are expectations of availability being squeezed further as China reopens, with Beijing having lifted most of the COVID restrictions, raising demand within the local market... 25-01-2023
