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Polyolefin prices hit bottom in the first week of December as buoyant demand and low seller margins helped markets snap a long losing streak. Year-to-date low prices for most PP and PE grades attracted interest from several buyers and traders who had postponed their purchases until the Plast Eurasia. Easing sales pressure before the new year, suppliers have already taken a firmer approach for PP, while PE is projected to follow suit soon. Yet, it remains to be seen whether the potential hikes will be absorbed by the markets next month...

China’s domestic PE prices were volatile in the past few weeks. After recording some cautious increases in mid-December, the markets have entered the second half of the month with fresh drops. Firm production costs and capacity losses – driven by maintenance shutdowns – have remained on the table; however, low buying enthusiasm and concerns over growing supply have dampened sentiment further and prompted sellers to issue downward adjustments...

The year-end markets for PVC in Asia are in bearish clutches amid ample availability and weak demand. However, green shoots of recovery may emerge in the first quarter of 2025, spurred by seasonal buying in India for construction and agricultural demand...

PP markets across China and Southeast Asia are set to end 2024 on a weaker note compared to the first half of the year, because concerns over growing supply and lower-than-expected demand have dampened players’ sentiment. As the year winds down, industry players are turning their attention to 2025, with supply-demand dynamics remaining the central focus...

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May 11 2017

03:59

July Brent crude rose $1.49 to $50.22/bbl Wednesday

by ChemOrbis Editorial Team - content@chemorbis.com

11/05/2017 (03:59)

ICE July Brent crude was up $1.49 to settle at $50.22/barrel on Wednesday.

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