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Asia’s PS, ABS markets reach multi-month highs on cost support

In Asia, PS prices have remained on a stable to firmer course starting in early July, while ABS prices have not witnessed any losses since the second half of June. Sentiment in the styrenic markets has been mainly supported by the rally in crude oil and feedstock prices, defying the overall weakness in demand...

LDPE sees larger gains on elusive supply in Europe

PE markets extended gains into the second month in West Europe and Italy, with different size of increases passing on deals depending on the grade. LDPE prices posted hikes of up to €150/ton on low inventory positions, while other PE grades mostly posted increases of €75-100/ton in line with higher ethylene settlement...

Türkiye’s polymer markets in flux amid bullish costs, lackluster demand

Import polymer markets witnessed firmer pricing policies on the side of suppliers in the first half of September in Türkiye. This was mainly because soaring upstream costs squeezed producers’ margins, prompting PP, PE, PVC, and PS sellers to issue monthly hikes. Yet, most of them admitted that the state of demand cushioned additional price gains for most products or even led to discounts for certain ones...

China’s import PE prices resume uptrend on ongoing cost support

Steady gains, which were in place across China’s import PE markets since mid-June, were interrupted by buyer resistance over the past week. However, spot prices have again continued to post increases in recent days on the back of ongoing increase in costs and a demand recovery – albeit a limited one – amid the high season. ...

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