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Global spot styrene markets open 2025 on divergent paths

Global styrene prices have shown a mixed trend over the past week as markets were in flux amid New Year festivities and slightly fluctuating oil futures. Spot styrene prices in Asia stood at their lowest level since early December 2023 at the time of writing, while European and US styrene offers rose to their highest level since mid-October 2024, according to ChemOrbis Price Wizard data. Varying supply-demand dynamics played a role in opposite trends while they outweighed cost factors in most cases...

New year opens with mixed trends in China’s PVC markets

The start of 2025 has brought a mix of trends to China’s PVC markets. However, the theme of the markets continues to revolve around sluggish buying interest and ample availability. Alongside the lingering weakness in supply-demand fundamentals, the holiday lull has also dampened activity, as many players remain in festive mode during the Christmas and New Year holidays, further slowing the trading atmosphere...

China delays major PP, PE startups as expansion plans hit roadblocks

Data from ChemOrbis Production News Pro reveal that several major PP and PE projects in China, initially slated for launch in 2024, have been delayed to 2025 due to challenging market conditions. These delays underline the struggles of China's polyolefin markets, which continue to face chronic oversupply, sluggish demand growth, and poor margins...

Stats: Türkiye’s total PP and PE imports down year-on-year in January-November

Prolonged economic challenges, coupled with sluggish end consumption, have been reflected in Türkiye’s polyolefin imports, according to ChemOrbis Stats Wizard. During the first 11 months of the year, combined imports of homo-PP and PP copolymer totaled 2.2 million tons, marking a 4% decline compared to the same period in 2023. Total PE imports—including LDPE, LLDPE, and HDPE—dropped 5% year-over-year to 1.9 million tons...

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