The renewed geopolitical tensions have pushed Brent crude back into the mid-$80s/bbl, rapidly rebuilding some of the war-risk premium that had evaporated after June's ceasefire hopes. This has also helped buoy the sentiment recently in polymer markets, where prices have been on a downturn for the past couple of months. After months of sluggish demand, ample supplies, and relentless price erosion, sellers are seizing on higher feedstock costs to argue that the market has reached its bottom...
The European Union has published Regulation (EU) 2026/1455 in the Official Journal, completing the final legal step needed to implement the EU-US tariff agreement. Under Article 8 of the regulation, it enters into force on the day following its publication and applies from July 1 2026 until December 31 2029...
The reversal of the trend that began to emerge during the second half of May has become increasingly evident across Europe's PET market in early June. After reaching around four-year highs during the extraordinary rally seen in March and April, PET prices have continued to edge lower, although the pace of declines has remained relatively moderate so far...
According to ChemOrbis Price Index data, Southeast Asia’s import polymer markets have spent the past several weeks unwinding the sharp gains triggered by the outbreak of war in the Middle East. Yet the pace of correction has varied significantly across products, creating a sharply diverging picture by mid-June...
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