Surplus import availability from China, as a result of Beijing’s stern restrictions to stem the spread of COVID-19, has been keeping Indian PP and PE markets bearish, which would likely continue at least for the next couple of months as the monsoon sets in...
The soaring dollar against global currencies has led to PP and PE imports getting uncompetitive against locally sold products across China, Southeast Asia and India as import costs rise, traders said...
Rising costs encouraged European PS sellers to announce fresh hikes early in May. Having emerged €50-90/ton above April levels, PS prices hit fresh record highs but the upturn has lost speed. While smaller increases of around €50-60/ton have passed on deals so far, some sellers have started to report even rollovers in a few cases...
Polyolefin prices have either ended their uptrend or extended their losses into May, depending on the product in Turkish markets. This is because buying appetite has been disappointing following the Eid al-Fitr holidays as inflationary pressures have made a dent in end product demand...
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