European PP, PE players discuss near-to medium-term outlook

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Stats: Türkiye’s Q3 polymer imports down 9.5% year over year

ChemOrbis Stats Wizard data revealed that the total polymer imports of Türkiye edged up by nearly 1.5% in Q3 from the prior quarter and stood at 1,573,000 tons. Nonetheless, the volume dropped by 9.5% from Q3 2023 when imports surpassed 1.7 million tons. In July-September, Saudi Arabia (398,000 tons), the USA (148,000 tons), South Korea (146,000 tons), Egypt (96,000 tons) and Russia (90,000 tons) were the top five suppliers...

India's ADD proposal continues to echo through PVC markets: World’s largest buyer reshapes global trade

PVC markets have been shaken by the recently announced anti-dumping tariff propositions by India, the world’s largest PVC buyer. India's S-PVC imports reached an all-time high of over 3 million tons last year, making up approximately 33% of total global trade. Now, players are bracing for significant shifts in trade dynamics as the massive PVC buyer attempts to restructure the landscape, driven by demands from its domestic producers and in anticipation of upcoming capacity expansions within the country...

Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept

Total polymer imports of Türkiye stood at 4,536,000 tons in Q1-Q3 this year while the cumulative figure indicated a nearly 8% decrease year over year, as per ChemOrbis Stats Wizard data. The volume also pointed to the lowest level since 2021 when the country’s polymer imports for the first three quarters totaled 4.3 million tons...

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...

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In Europe, PP and PE prices extended their downtrend into the third month, with reductions of up to €50/ton passing on November deals. The pressure stemming from sellers’ high stocks as well as thin buying interest forced many suppliers to concede to discounts to entice sales, defying higher monomer settlements. Meanwhile, some regional producers managed to avoid drops and closed their deals with rollovers, especially in the contract markets...

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