Feb manufacturing PMI up in China, down in Malaysia and S Korea
However, the manufacturing sector in Malaysia continued to shrink in February with a PMI score of 49.4. Although the score was up from 48.6 in January and the manufacturing output expanded for the first time in 23 years, it still stood below the 50 threshold, which separates expansion from contraction. The contraction was attributed to the decrease in new orders and hiring.
Similarly, the manufacturing sector in South Korea contracted in February, but at a slower pace than in January. Accordingly, the country’s manufacturing PMI was at 49.2 after a reading of 49.0 in January. The contraction in the country’s manufacturing sector was mainly driven by the decrease in production, new orders and employment.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Initial ABS prices for July see larger increases than PS in Europe
- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem