April WTI (NYMEX) crude fell 28 cents to $78.26/bbl on Thursday

- Buy & Sell Notifications
  
  :( No new notifications
  
  View all Buy & Sell Requests (1)

Middle East PP, PE outlook for 2025: A double whammy of low demand and new capacity additions

Saudi Arabia, the UAE and East Med markets have all experienced much less volatility this year than they did last year, although PP and PE prices have been on a downward trajectory in the last quarter. Early expectations for January point to a potential shift in prices while geopolitics and capacity additions continue to cast a pall on the region for the rest of the year...

China, SE Asia PE outlook for 2025: Oversupply dilemma deepens with new capacity surge

As 2024 draws to a close, major PE markets across Asia continue to face significant challenges driven by weak demand, a sluggish global economy, and persistent oversupply. This year has been particularly harsh for petrochemical producers, who have endured shrinking margins despite scaling back run rates or extending plant shutdowns...

Freight rates outlook for 2025: Another rocky year ahead after 2024 turmoil

Global freight rates have faced tumultuous shifts throughout 2024. Although rates peaked in mid-July, they remained 132% above the previous year’s pre-Red Sea crisis levels as of late December. As 2025 approaches, the looming US port strike on January 15 coupled with Trump’s reelection and highly possible shift in trade flows amidst barriers and extra tariffs offers too many unknowns for another year ahead for freight rates in mainstream routes...

Türkiye PP, PE outlook for 2025: Q1 set for a firm footing, eyes on derivatives for a whole year

Polyolefin markets have struggled to see significant price increases this year, apart from the first quarter, which was buoyed by a surge in freight rates driven by Middle East tensions and active derivatives demand. From the second quarter onward, prices lacked strong momentum due to waning demand for end products that fell short of seasonal expectations amid economic challenges. The second half of 2024 started under the influence of declining freight rates. However, a recent recovery in shipping costs has not prevented the typical year-end slowdown in Türkiye...

Plastics News (Free)