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India’s PP, PE markets extend declines in Sept; will post-monsoon demand kick in?

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...

Local PVC prices see fresh drops across Southeast Asian markets

As of the week ending August 30, domestic PVC prices in Indonesia and the Philippines experienced renewed declines after weeks of stability. Meanwhile, prices in Thailand and Vietnam continued to fall, dominating local markets for another week. Even with Southeast Asia’s strengthening local currencies, prices still trended downward in US dollar terms, as shown in the graph below created by the ChemOrbis Price Index...

Stats: EU27’s H1 2024 polymer imports down on year; PVC sees sharpest decline

H1 2024 polymer imports to the EU27 from extra-union partners fell by 6% compared to the same period of 2023. Total polymer imports in the first half declined to around 4.7 million tons, marking the lowest volume since 2021...

Asian petchem producers’ Q2/H1 results hampered by overcapacity

Oil, chemicals and petrochemicals producers across Asia have revealed their financial results for the April-June period and H1 2024. The supply snug – driven by the relentless capacity additions in China – appear to have taken its toll on the financial performance of many petrochemical producers particularly in Southeast Asia, South Korea and India while Japan, having already started the industry rationalization, has fared relatively better. China, meanwhile, has outperformed expectations...

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