Import and local PET prices in Turkey have followed a downtrend since H2 March. The gradual cuts were led by waning activity following bulky purchases during the run-up in February. Although supplies are not comfortable and complaints about PTA tightness prevail, the weakness has remained intact both for bottle and textile grades as of early April...
PVC players in Egypt and Turkey reported that US PVC offers resurfaced at competitive levels this week after more than a month. The last time US offers were reported regularly and competitively was around mid-February, right before the severe winter storm paralyzed US production...
In China, the downtrend in the import PE market has remained intact for the third consecutive week although supply from overseas markets has been limited...
Initial import PP and PE offers emerged last week in Egypt, with a major Saudi supplier taking the lead in announcing a price hike for April. Several Middle Eastern suppliers followed in hiking offers for April while a competitive landscape appeared for PP, with an increasing number of offers for Asian materials...
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