North America
Asian ABS markets face renewed drops as weak demand persists into Jan
After hitting seven-month lows in the second half of November 2024, import ABS prices in Asia largely remained stable, except for a slight increase in China two weeks later. However, the import market resumed downward trend during the week ending on January 10, while local prices inside China continued a two-week decline amid a double whammy of poor demand and weak costs... 14-01-2025China’s PE markets on soft note amid weaker demand, falling futures
While China’s PP markets edged up thanks to a slight improvement in market fundamentals, PE prices remained under pressure amid sluggish demand and declining futures during the week ending on January 10. PE sellers managed to hold on to their import offers but offered some discounts to local buyers, leading to further weakness in the domestic market... 13-01-2025Global PP and PE sellers approach Türkiye with hikes for January
Türkiye’s polyolefin markets opened 2025 on firm footing, as projected, with global sellers seeking price hikes on the heels of limited import volumes and margin concerns. Having depleted their stocks, PP suppliers had already pioneered an upward trend in late December, while PE followed suit as 2025 began. Limited quotas from Saudi Arabian and Russian producers propelled PP even higher as of January, while LDPE emerged as the strongest PE product, supported by robust demand and Petkim’s higher domestic prices... 10-01-2025European PP and PE markets start 2025 on a stable to slightly firmer note
Regional PP and PE markets have been calm as the post-holiday environment settles in, with buyers returning to their desks from January 7th. Initial offers have emerged mostly with rollovers in line with the monomer contracts, while some price hikes have also been observed. Previous low ends may fade in the coming weeks, contingent on the balance of supply and demand... 09-01-2025