European PP and PE markets have opened November on a stable to softer note, with price decreases slowing from the previous months after both PP and PE prices hit their lowest levels since 2020 for most grades. While some grades broke below certain thresholds, a few suppliers tried to halt the downturn by seeking rollovers in their initial offers...
Players focused on new price announcements this week, with attention once again turning to cautiously improving sentiment for US-origin cargoes. A major US PVC producer was reportedly unwilling to offer discounts from current price levels, a stance attributed to a maintenance shutdown at one of its plants. In mid-September, US-origin PVC tumbled to five-year lows across key markets, pulling global benchmarks back to levels last seen in the early months of the pandemic...
Asian styrenics markets ended October under persistent downward pressure, with both ABS and PS prices either extending losses or stabilizing near multi-year lows. In China, import ABS prices fell to around five-and-a-half-year lows, while PS values breached key psychological thresholds in the face of fading cost support and sluggish downstream demand. In Southeast Asia, prices held largely steady, but sentiment remained fragile as buyers continued to purchase only on a need basis...
According to ChemOrbis Stats Wizard, Türkiye’s total September polymer imports edged down by 1% from August, while they inched higher by 0.8% from September 2024. Saudi Arabia remained the number one polymer supplier with a 27% share, followed by South Korea (13%) and the US (11%). Meanwhile, the total import value slightly rose to nearly $532 million month over month, but indicated a yearly decline...
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