ChemOrbis China

cochina@chemorbis.com +86 (21) 6327 1212

ChemOrbis Malaysia

comalaysia@chemorbis.com +60 (3) 9212 8428

ChemOrbis Türkiye

coturkey@chemorbis.com +90 (216) 468 10 25

ChemOrbis Italy

coitaly@chemorbis.com +39 (02) 8941 5593

ChemOrbis Egypt

coegypt@chemorbis.com +20 106 3029 206

The polymer markets in Vietnam have been under heavy pressure due to a flood of PP, PE, PVC, PET and PS cargoes offered from China at competitive levels. A lack of a meaningful recovery in domestic demand has led to Chinese polymer suppliers to direct their cargoes to export markets, particularly to Vietnam as the closest outlet...

In Egypt, major Middle Eastern producers rolled over PE and PP offers for May while foreign exchange shortage and restrained imports continued to buoy local prices despite lackluster demand. ChemOrbis Price Index suggests new all-time highs for local PP and PE markets in Egypt...

The PP price rout, that has been in place since February across Asia, has deepened recently with the weekly averages of ChemOrbis Price Index hitting their lowest for the past three years both for China’s local and import markets. Exports from China have also weighed further down on Southeast Asia recently, pulling Vietnam’s import PPH market down to its 3-year lows...

In Africa, PP and PE markets saw lower offers from the Middle Eastern supplies for May, marking the second consecutive month of price cuts. The recent decreases came amid weakened market activities and demand, following rising inflation and recession woes hitting the region...