Players in Türkiye’s polyolefin markets started to voice their early April expectations. Prices have reached a plateau both for PP and PE, several participants believe, while lethargic demand casts a pall on the outlook ahead of the nearing Ramadan...
China has added more than 1.5 million tons of new PE capacity so far this year while there is more to come for the remainder of 2023. This makes up almost half of the capacities planned across the board for this year. What is more, 2024 is set for a much bigger wave of new capacities that will rattle markets...
Polyolefins markets in Africa extended gains into the second month, with globally bullish sentiment and tightening supplies from Mid-East producers cited as main reasons supporting price hikes; defying weaker than usual demand. However, the sustainability of this rally is mooted given the mounting economic concerns across the region as well as fading optimism about the global bullishness...
Domestic prices of polyolefins in Vietnam have stayed on a downtrend since early February on lukewarm demand and adequate availability. Most players expect the downtrend to continue in the near term...
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