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European PVC buyers resist initial hike attempts for September

Regional PVC markets opened September on a bullish note, with initial offers emerging with hikes of up to €50/ton amid margin recovery targets. Still, lower ethylene settlement, balanced supply conditions and cautious buyer sentiment have led to protracted discussions despite a generally positive outlook...

Asian PVC continues to face downward pressure; all eyes on Taiwan’s Oct pricing

PVC markets in China, India, and Southeast Asia have been on a downward trajectory for nearly two months due to a combination of abundant supply and weak demand which have been exacerbated by economic headwinds in the region. While there was some initial optimism following India's decision to delay the implementation of its BIS certification and expectations of post-monsoon demand recovery, these hopes have been overshadowed by more pressing concerns...

PE producers defy lower C2 contracts in Europe on margin recovery targets

After two months of an uptrend in Italy and West Europe, September has seen initial price hike attempts of up to €50/ton for LDPE while rollovers emerged for the other grades. This is opposed to the ethylene contracts which settled with €25/ton reductions earlier this week. Apparently, tight availability and uncompetitive non-EU origins have mainly underpinned sellers’ motivation for margin recovery. However, participants are widely discussing whether recent hike attempts will be workable or not amid calm demand...

China’s seasonal demand sparks opposite views among PP, PE players; SEA outlook still bleak

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...

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