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- Bullish PVC sentiment cools off in Asia; import markets look for direction
  
  The longest-ever price rally in Asia’s import PVC markets took a knock from a Taiwanese major’s lower-than-expected February hike last week. Following the $30/ton hike announcement, a number of NE Asian suppliers revised down their prices to move them closer to the major’s new levels at $1190/ton CIF China and $1320/ton CIF India...
  
  Will China's local PP market retain futures-driven gains prior to holidays?
  
  In late November 2020, local PP prices in China retreated from their 20-month highs and followed a stable to softer trend until the week that ended on January 15. As of the second half of January, however, prices shifted upwards with support from the consecutive increases in Dalian futures...
  
  Upcoming holidays, COVID spike pressure PS in Asia
  
  Import PS prices in Asia have been slipping from late November of last year. It was initially due to the year-end market lull amid holidays but the pressure has continued into 2021 as the number of COVID-19 cases spike and activity starts to thin heading towards the Chinese New Year...
  
  Shortage pushes Europe’s ABS markets to multi-year highs
  
  ABS markets started the year with hefty increases that were larger than the cost pass-through from styrene and butadiene. January marked the third consecutive month of 3-digit hikes. Exacerbating tightness amid the lack of Asian imports and competing demand for prompt material were cited among factors reinforcing the bullish rally...
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