February has become a month of rollovers in most cases despite the pressure from comfortable supplies and muted demand. Players are now discussing whether an upturn is possible in March based on a series of firm indicators while others still see a rebound early...
Ethylene prices have hit a 4-month high on CFR Far East Asia basis this week upon steadily rising since mid-January, the weekly average data from ChemOrbis Price Wizard suggested. This pushed spot ethylene back above LDPE and LLDPE prices in China and Southeast Asia after around 3 months...
In Europe, spot PET prices were mostly rolled over or small hikes of around €10-20/ton were sought this month after hitting a 10-month-low in January. The lack of major supply concerns and regular demand mostly curbed hike attempts across the region despite a few higher deals...
Spending the second half of 2018 mostly on a bearish trend, spot propylene prices in Europe and the US turned up in mid-November and December and pared some losses. However, they have softened again in the past two weeks while the Asian market has remained steady within the same period...
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