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Plastics News and Polymer Prices

Will initial hike attempts for PVC work in Italy and West Europe?

Regional PVC markets had rebounded from a 3-year low last month after remaining flat in the first two months of the year. Prices seem to have extended gains into the second month in April, with increases emerging beyond the half of the ethylene hike. Participants flag that current market dynamics will not support margin recovery targets...

How will global PP, PE and PVC markets respond to oil’s climb above $90?

Brent oil futures rallied over $90/bbl late last week, seeing their highest levels since November, driven by a tight supply outlook, with speculations about OPEC+ extending its output cuts to year-end and drone attacks on Russian refineries keeping jitters in place. Although global PP, PVC, and PE markets are still pervaded by tepid demand from downstream sectors, high upstream costs have been helping suppliers to some extent...

Lower bids drag import PP, PE down before Eid al-Fitr in Türkiye

Polyolefin prices moved south this week as more suppliers revealed their fresh April offers and received lower bids from their regular customers. Middle Eastern PP raffia touched a new low on deals, while LLDPE and HDPE film traded lower, succumbing to limited demand ahead of a 9-day holiday. Soaring oil prices had little to no impact on the sentiment, as demand woes took center stage...

Arriving imports, ebbing demand weigh on Europe’s PP and PE markets

The sentiment in the regional polyolefin markets has faltered to some extent even before April monomer contacts that settled higher. Ebbing demand seems to be the main culprit behind the changing sentiment following a 3-month long uptrend. From that moment on, PP and PE markets are unlikely to absorb further increases amid the arrival of imports at aggressive levels...

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