Saudi producers started announcing their February PP and PE offers to their local markets, which suggest increases for the first time since May 2022, although the slump slowed down in the last quarter. Expectations remained firm and several players forecast increases similar in size to what have so far been announced in Saudi Arabia and Jordan...
Spot freight rates on the transpacific route made a slow start to 2023, with rates across major East-West trades logging small week-on-week reductions. Ocean freight rates ex-Asia were assessed also largely lower last week while carriers moved on to blank more sailings over the Chinese New Year Holiday...
Firmer expectations have come to the forefront in Europe’s PP and PE markets following a 2-month long downtrend. Regional suppliers intend to issue hikes in February, pointing to higher monomer expectations, supply cutbacks as well as firming in other global markets. This has already led to a shift in the market sentiment, spurring demand for resins...
Europe’s local PET bottle markets have seen players talking about the bottom this week following up to €90/ton drops on January deals. Although demand remained unresponsive to the recent talks about a stabilization and uncertainties about the costs’ side lingered, the rising import offers drove a cautious optimism on the part of sellers...
ChemOrbis website use cookies. By continuing to browse the site you are agreeing to our use of cookies. For more details about cookies and how to manage them, see our cookie policy.
Do you want to be the first to know about developments affecting the plastics industry and polymer prices? All you have to do is click "Allow" on your browser and start receiving push notifications immediately!