PP prices in Türkiye have been eroding since mid-August as suppliers succumbed to weakening demand, lower oil prices, and falling freight rates, alongside easing supply levels. The market extended its losses into October for all origins, with competitive duty-free South Korean offers continuing to pressure Saudi Arabian cargoes. Nonetheless, some sellers noted that price cuts seem to be losing steam, though buyers are maintaining their cautious stance...
Regional polymer markets started the month on a bearish note, influenced by weak economic conditions, easing supply levels and lower feedstock costs. However, PVC bucked the broader trend in the market, with fresh offers emerging with rollovers to slight increases from September...
Players in China’s PP and PE markets have started to return to their desks after the lengthy Golden Week holidays. Initial offers indicate rollovers to slight increases from pre-holiday levels thanks to the bullish return of futures, rising oil markets, and macroeconomic support.”After the holiday, the markets are opening on a stronger footing in light of rising futures, higher crude prices, and positive momentum from the government’s economic stimulus policies,” said a trader...
PP copolymer prices have been sliding since the third quarter of 2024 in tandem with waning consumption in Türkiye’s derivative segments, squeezed liquidity, lower costs and gradual corrections in elevated freight rates from Far East Asia as well as the Middle East. Both injection and pipe grades extended their losses into October amid lower spot propylene prices in NEA and the Chinese holiday lull...
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