In Africa, regional polyolefins markets kicked off 2021 on a firm footing as tightness continued to add pressure on prices. Overall demand in Africa started to pick up after the year-end holidays, but varied from region to region...
As players gradually return from the Christmas holidays, initial PP offers for January have emerged with 3-digit increases that sent prices to fresh highs. PP is deemed shorter than December, which supported suppliers to push their margin expansion to January...
Import and local polyolefin markets of Turkey extended their gains into the new year mainly on the heels of supply constraints. PE saw larger increases than PP for January, while a general cautiousness pervaded both markets regarding the medium term...
In Vietnam, local homo-PP prices have been witnessing reductions since after the market hit a more-than-two-year high in mid-December while waning demand is the main driver of this downturn. Two factors have weighed on buying interest recently: softening sentiment in China and reduced end-product manufacturing at home...
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