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Plastics News and Polymer Prices

Mid-Eastern PP, PE markets rise in February after three months of weakness

Players in the Middle Eastern PP and PE markets received February offers from regional sellers mainly with increases from January, the first time since October. Soaring feedstock costs and firming global markets supported price hikes across the region, not to mention restrained supplies amid the maintenance season at major plants, mainly in KSA...

Stats: China’s 2023 PE imports snap two-year downfall despite rapidly growing domestic capacities

China’s yearly PE imports posted a marginal increase of 1% despite more than 5 million tons of domestic production capacity added throughout 2023. This minimal increase is still eye-catching as there was a significant yearly decrease of 20% in 2021 and 7% in 2022. In the meantime, all prevailing import suppliers lost market share except for the US, which ramped up sales to China by more than double...

PE rally loses momentum on subsiding demand in Türkiye

Polyethylene prices have been on a bullish note since late December last year due to severe supply chain disruptions across the board. Import prices have reached their highest levels in a year as longer transit times and soaring shipping costs stemming from the Red Sea crisis triggered a series of notable hikes. Needless to say, panic buying coupled with low prompt stocks played a key role in the bull run...

PVC prices flat for 2nd straight month in Italy and West Europe

In Europe, PVC markets remained unresponsive to the logistics disruptions and soaring freight rates amid the Red Sea turmoil, indicating stability for the second straight month in February. Pricing policies were stable as mediocre demand counterbalanced supply chain disruptions, leaving no room for margin recovery despite earlier plans...

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