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Regional polyolefin markets are bracing for another round of steep drops in June, which would mark the third straight month of decreases. Bearish expectations for the imminent contracts and intensifying supply-demand imbalance paved the way for an unpromising outlook despite seasonality...

Data from ChemOrbis Import Statistics show that China’s PE imports in April decreased by 13% from the previous month to around 1 million tons. This indicated the smallest monthly volume since February 2018. Cumulative PE imports for January-April also suggest a big slump particularly for HDPE...

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...