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Middle Eastern oil, chemical and petrochemical producers have released their Q2 and H1 2024 financial results, revealing mixed performance. Despite access to advantaged feedstocks, profit trends varied widely—some companies faced declines in profits and some even continued to incur losses, while others reported significant gains...

Regional PET bottle markets plateaued in August after rallying for three months between May and July, while the sentiment has turned softer recently as rebalancing supply-demand dynamics coincide with waning cost support, cementing reversal expectations among players...

The ongoing monsoon season has dampened sentiment in India's polyolefins markets, with predictions of heavy rainfall through September and October continuing to suppress downstream demand and pressure prices. Traders indicate that the prolonged wet season may continue to weaken sentiment over the next month. However, some voices are anticipating a potential market turnaround, expecting buying for the post-monsoon season to begin by mid-September...

As of the week ending August 30, domestic PVC prices in Indonesia and the Philippines experienced renewed declines after weeks of stability. Meanwhile, prices in Thailand and Vietnam continued to fall, dominating local markets for another week. Even with Southeast Asia’s strengthening local currencies, prices still trended downward in US dollar terms, as shown in the graph below created by the ChemOrbis Price Index...