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North America
Türkiye PVC market struggles to find post-holiday momentum
Players returned from the Eid al-Adha break on Tuesday, but the long-awaited rebound in demand remained elusive. Indeed, most PVC sellers maintained their firm stance on the back of higher container prices and firmer prices in the key Indian market. Nonetheless, converters appeared in no rush to make fresh purchases amid sufficient resin and end-product availability. Sellers who had attempted to push through hikes ahead of the holiday found little traction amid tepid buying interest, especially for the mainstream K67 grade... 13-06-2025
European PS, ABS markets extend losses into third straight month in June
Spot PS and ABS markets have extended their declines into the last month of the second quarter in Europe. However, trading activities remained calm, although the latest styrene contract level hit a year-to-date low. PS prices also reached their lowest levels of the year, while ABS prices dropped to more than one-and-a-half year low... 12-06-2025
Freight rates skyrocket: Will the momentum hold?
Container shipping rates are surging as shippers rush to move goods during a narrow reprieve in US-China trade tensions. Drewry’s World Container Index (WCI) jumped 41% last week to $3,527 per 40ft container, marking the second-largest dollar gain in the index’s history. The increase is part of a broader 70% rise over the past four weeks, driven largely by booming transpacific volumes. Attention now turns to whether the upward trend will continue, with analysts warning of a potential downturn in the latter half of the year... 11-06-2025
Europe PP markets near 2-year lows, buckling under muted demand, ample supply
PP markets in Italy and Northwest Europe opened June on a stable to softer note. Following the propylene contract which settled with rollovers, regional producers announced initial offers mainly in line with the monomer outcome. However, stability started to falter as small decreases of €20-30/ton emerged later last week... 10-06-2025
