April WTI (NYMEX) crude rose $1.29 to $78.87/bbl on Tuesday

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PP, PE markets torn between firmer monomers and poor dynamics in Europe

As the year draws to a close, regional PP and PE players are assessing whether suppliers can hinder the downturn that kicked off two months ago. Pricing dynamics are expected to be heavily influenced by slack demand, ample supply and heightened competition from imports, particularly from the US in the case of PE. However, some sources remain cautiously optimistic, suggesting that firmer monomer settlements could offer some support to prices...

Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand

The PP and PE markets in China slipped into November with a stable-to-softer tone, wrapping up the peak “Golden September – Silver October” season. Yet, golden opportunities for polyolefin sellers to boost margins proved elusive, as price hikes came in fits and starts. While PE—particularly LDPE film—managed a steady climb, PP struggled to gain traction from the very start, finding little solid ground to stand on amid shifting market dynamics...

India finally announces ADD on S-PVC imports: What’s in store for subject countries?

The long-awaited announcement of India’s anti-dumping duty (ADD) on suspension-grade polyvinyl chloride (S-PVC) imports has finally been made public. As the world’s largest PVC buyer, India's decision holds significant implications for global PVC markets, especially for the exporting countries involved. The new provisional duties aim to shield India’s domestic industry from a flood of low-priced imports that have been impacting local producers...

Turkish PE players hunt for signs of a market bottom amid pending Nov offers

With its healthy premium over Asia now gone, Türkiye's import PE market saw players searching for signs of a market bottom over the week. The market has been in flux amid the recent gains in shipping costs, poor netbacks that may repel global sellers, the potential year-end lull prior to the book closures and the foggy demand outlook. While Middle Eastern offers were yet to take shape, most projections called for minor price changes...

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