Türkiye’s polyolefin markets opened the week on a firm footing but quickly turned into a complex battleground of supply shocks and macro-driven hesitation. A fresh round of hikes from Petkim set the tone early on, reinforcing bullish sentiment that had already been building on tightening import availability since the eruption of the Middle East war in late February...
Southeast Asia’s PE market continues to face a persistent shortage of Middle Eastern and regional supply. Amid these disruptions, US sellers have stepped in aggressively, offering material at sharply elevated levels that have effectively redefined the regional pricing landscape. However, the workability and sustainability of these offers are increasingly being questioned amid a notable shift in market sentiment...
The outbreak of the Middle East war at the end of February triggered a sharp upswing across Europe’s polymer markets, with prices rising at varying magnitudes depending on product fundamentals. Polyolefins led the rally by a wide margin, while other polymer chains also moved higher, albeit at a more moderate pace, largely driven by cost inflation rather than imminent supply shortages...
*Updated following the airstrikes on Assaluyah Hub in Iran and Jubail Hub in Saudi Arabia on April 7, 2026 – The effective closure of the Strait of Hormuz and escalating geopolitical tensions have sent shock waves across global petrochemical markets, triggering steep price hikes since the onset of the war. The Middle East, a critical supplier to Asia, Europe, and neighboring regions, holds a dominant position particularly in polyolefins exports, making any disruption in the region immediately felt across global supply chains...
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