Weekly Ethylene Analysis

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Destocking time of the year: US PE floods global markets with aggressive prices

It is that time of the year again for the world’s largest PE exporter. In nearly every region, an increase in the number of PE offers from the US has been observed as a part of destocking activities exerting downward pressure mainly on Middle Eastern origins that have been trying to hold the markets in check. This influx of US PE with competitive prices can also be attributed to an unusually calm hurricane season, coupled with ethane feedstock-derived cost advantage, smooth freight conditions and subdued demand...

Taiwan’s Dec PVC prices to India expected to hold steady as players await ADD clarity

India’s import PVC market is currently at a standstill as players await further clarity on provisional anti-dumping duties (ADD), recently announced after an investigation by a government panel. Market participants are also watching for signs of tighter local supplies, which remain slack at present...

Stats: Türkiye’s Q3 polymer imports down 9.5% year over year

ChemOrbis Stats Wizard data revealed that the total polymer imports of Türkiye edged up by nearly 1.5% in Q3 from the prior quarter and stood at 1,573,000 tons. Nonetheless, the volume dropped by 9.5% from Q3 2023 when imports surpassed 1.7 million tons. In July-September, Saudi Arabia (398,000 tons), the USA (148,000 tons), South Korea (146,000 tons), Egypt (96,000 tons) and Russia (90,000 tons) were the top five suppliers...

India's ADD proposal continues to echo through PVC markets: World’s largest buyer reshapes global trade

PVC markets have been shaken by the recently announced anti-dumping tariff propositions by India, the world’s largest PVC buyer. India's S-PVC imports reached an all-time high of over 3 million tons last year, making up approximately 33% of total global trade. Now, players are bracing for significant shifts in trade dynamics as the massive PVC buyer attempts to restructure the landscape, driven by demands from its domestic producers and in anticipation of upcoming capacity expansions within the country...

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