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
Crude oil market sentiment turns in favour of bulls
Although global crude oil prices tumbled during the first week of 2023, they eventually found their footing. Oil futures settled higher on Friday, marking the second weekly gain on optimism over Chinese demand following the reopening... 24-01-2023
Will European PVC take a breather from 9-month downtrend in February?
Regional players have been wrapping up their January PVC deals mostly with reductions of €50/ton, matching the half of the ethylene drop. As the month draws to a close, voices for a potential stabilization in February start to emerge on the sellers’ side after 9 straight months of drops... 23-01-2023
