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Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?

Proving speculations right about higher freight rates out of Asia that first kicked off early last week, global benchmarks have risen this week following continuous decreases since mid-July. Currently, the question is whether this increase will be sustained. Although some anticipate ex-China rates will climb higher due to increased buying activity around the year-end, higher blank sailings and November 1 rate hikes from shipping firms, others believe that the downward trend will persist...

India’s PVC price range narrows as low-end Chinese offers fade amid ADD speculation

India’s PVC players are keeping an eye on the anticipated anti-dumping duty (ADD) investigation outcome, while import prices have stayed on a stable-to-rising trend over the past month as low-end Chinese offers have largely disappeared. Players mostly see a rangebound market after the Diwali holidays unless any prohibitive anti-dumping duties spell a surge in import costs...

Slump deepens in European plastics recycling industry

According to a press release published on Plastics Recyclers Europe’ s website, the European plastics recycling market is facing a significant downward trend, with a decrease in demand for recycled materials produced in Europe, reduced investments in domestic recycling and an increase in imports of recycled products from overseas markets...

SE Asia’s PPH regains premium over China after 3 weeks

According to weekly average data from ChemOrbis Price Index, China’s local homo-PP raffia and injection markets reached their highest levels in over a year in early October, following the firm market return post-Golden Week holiday. This marked the first time since mid-December 2023 that China’s local prices traded above Southeast Asia's import levels, with a premium of around $16/ton...

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SE Asia’s import LDPE film prices hit over six-month low

Southeast Asia’s import LDPE film market faced renewed declines last week, pressured by subdued demand and cautious buying. According to ChemOrbis Price Index data, the weekly average for LDPE film prices hit the lowest level since mid-May. Despite these declines, LDPE continues to carry a significant premium of around $190-205/ton over HDPE and LLDPE film...

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