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China adds big PE capacities in 2023, just the tip of iceberg for 2024

China has added more than 1.5 million tons of new PE capacity so far this year while there is more to come for the remainder of 2023. This makes up almost half of the capacities planned across the board for this year. What is more, 2024 is set for a much bigger wave of new capacities that will rattle markets...

African PP, PE markets continue to rise in March under shadow of growing demand woes

Polyolefins markets in Africa extended gains into the second month, with globally bullish sentiment and tightening supplies from Mid-East producers cited as main reasons supporting price hikes; defying weaker than usual demand. However, the sustainability of this rally is mooted given the mounting economic concerns across the region as well as fading optimism about the global bullishness...

Vietnam local PP, PE markets stay on downtrend as demand still sluggish

Domestic prices of polyolefins in Vietnam have stayed on a downtrend since early February on lukewarm demand and adequate availability. Most players expect the downtrend to continue in the near term...

Subdued PP, PE demand weigh on March hikes in Europe

Regional players have reported receiving new polyolefin offers from their suppliers with increases from last month. However, some distributors have been forced to trim their initial hike targets since activity has not been up to expectations so far. Even rollovers passed through deals in some cases as the prolonged production hiccups outweighed supportive costs in the shade of recession...

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