Polymers, Plastics News and Resin Prices
Post-holiday return clouded by trade war and tumbling oil in Türkiye by Merve Madakbaşı
As most polymer players returned from the Eid al-Fitr holiday only this week, they were met with a global storm fueled by a deeper trade war, sparked by a series of tariffs imposed by the US on imports from dozens of countries, particularly China, coupled with a sharp drop in oil prices. The resulting loss of cost support, along with domestic liquidity issues, has dashed hopes for a post-holiday recovery in demand among Turkish players for now... 11-04-2025
Tariff havoc: Rewiring global petchem supply chain from feeds to finished goods by Merve Sezgün and Esra Ersöz
The global petrochemical sector stands at a turning point. Right after the US’s recent imposition of steep tariffs, both China and the EU have retaliated with countermeasures, further escalating tensions. In stark contrast, Southeast Asian nations, particularly Vietnam, Malaysia, Thailand, and Indonesia have signaled willingness to deepen economic ties with the US. India has also taken a cooperative stance, refraining from retaliatory tariffs and even pursuing deeper trade ties... 10-04-2025
US tariffs upset bullish expectations in Asian PVC markets by Shibu Itty Kuttickal
PVC markets in Asia have shifted into a softening mode, dashing earlier bullish expectations for prices to extend their recovery after a prolonged downtrend. The shift comes as the US imposes sweeping tariffs on imports from across the globe, dampening sentiment and demand outlook across major Asian markets... 09-04-2025
China’s PE, PP new capacity wave gathers pace across Q1 and April, coinciding with tariff turmoil by Merve Sezgün
Despite sluggish global demand, persistent oversupply, and rising trade tensions, China continues to ramp up its PP and PE capacities. The first quarter of 2025 and April have already seen a wave of plant start-ups, reflecting the country's long-term strategy to boost petrochemical self-sufficiency, even in the face of ongoing market challenges. However, as the US-China trade war intensifies, questions loom over how these new tariffs will affect China’s ability to maintain its aggressive expansion plans... 08-04-2025
Revised: US tariffs exempt key petchems; can PE exports survive the retaliation? by Esra Ersöz
Certain grades of PE, PP, and PET are among the list of exemptions for reciprocal tariffs. Considering the net-exporter status of the US in PE, the US government seems to be aiming to avoid retaliatory tariffs, while it is yet to be seen whether partner countries will accept this move - apparently China won’t - as broader tariffs on other goods will still disrupt trade flows, increase production costs for downstream industries, and strain global supply chains... 07-04-2025
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