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March hints at further hikes in European PP, PE markets

February PP and PE deals have been concluded with increases at par with or surpassing the upsurge in olefin contracts depending on the grades. Players have now shifted their focus to the March outlook, with expectations calling for another round of gains...

India’s PVC market dips to new lows on Taiwan’s March cuts, players seek signs of bottom

Data from ChemOrbis Price Index show that S-PVC K67 prices on a CIF India basis have plunged to near five-year lows following a major Taiwanese producer’s latest price cuts for March. A recent drop in freight rates enabled the producer to trim its benchmark offers by $20/ton, adding to previous cuts amid ongoing Chinese oversupply and lingering antidumping duty (ADD) uncertainty. With prices steadily declining, players are now questioning whether the market has neared its bottom...

Q1 turnarounds uplift Mid-East PP, PE markets in February; will it spill over to March?

In the Middle East, players reported restrained PP and PE supplies for February amidst the annual turnaround season in Q1. This has helped leverage polyolefin markets following a stable January and mostly bearish Q4. All eyes are now on March, with weak derivative markets and nearing Ramadan lull on one hand and ongoing and/or upcoming turnarounds on the other...

SE Asia’s indefinite PE shutdowns: A market in crisis as demand woes threaten survival

The previous decade’s optimism about sustained demand growth fueled ambitious capacity expansions across Asia’s polyolefin markets. But the landscape has shifted dramatically. Post-pandemic economic bottlenecks, soaring costs, and shifting consumption patterns amid aging populations have upended the industry’s trajectory. Now, a wave of indefinite PE plant shutdowns across Southeast Asia underscores the deepening crisis, as producers battle poor margins, oversupply, and an uncertain future...

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