China’s PP and PE prices moved in different directions during the first week of September given opposite factors, including slightly improved supply-demand fundamentals and sharply reduced crude and futures values. In the meantime, polyolefin markets in Southeast Asia largely stayed rangebound, shrugging off the oil freefall and sluggish demand...
Middle Eastern oil, chemical and petrochemical producers have released their Q2 and H1 2024 financial results, revealing mixed performance. Despite access to advantaged feedstocks, profit trends varied widely—some companies faced declines in profits and some even continued to incur losses, while others reported significant gains...
Regional PET bottle markets plateaued in August after rallying for three months between May and July, while the sentiment has turned softer recently as rebalancing supply-demand dynamics coincide with waning cost support, cementing reversal expectations among players...
The ongoing monsoon season has dampened sentiment in India's polyolefins markets, with predictions of heavy rainfall through September and October continuing to suppress downstream demand and pressure prices. Traders indicate that the prolonged wet season may continue to weaken sentiment over the next month. However, some voices are anticipating a potential market turnaround, expecting buying for the post-monsoon season to begin by mid-September...
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