Premium News

Will Türkiye's styrenics markets respond to slightly firmer upstream?
by Merve Madakbaşı
Türkiye's styrenics markets have been on a downward trajectory since May, with PS and ABS prices also starting July on a weak footing as demand stalled and production costs retreated following the war-driven rally. Although crude oil and spot styrene prices staged a modest rebound amid renewed geopolitical tensions in the Middle East, the recovery in upstream costs failed to offset persistently weak derivative demand and tight liquidity in Türkiye...
2026-07-10

PS and ABS surrender much of war-driven rally in Europe, but premiums linger
by Manolya Tufan
Europe's PS and ABS markets extended their steep downward correction in July as persistently weak demand, comfortable supply and the approaching summer holiday season continued to outweigh cost considerations. Buyers largely limited purchases to immediate needs despite another round of hefty price reductions, reinforcing the view that pricing has shifted back toward underlying market fundamentals after months of geopolitical-driven volatility...
2026-07-10

Türkiye PVC sinks further as supply glut drowns out recent cost support
by Merve Madakbaşı
The PVC market extended its losing streak, with ample supply and weak buying appetite keeping sentiment weak in Türkiye. A modest rebound in crude oil futures following the collapse of the US-Iran ceasefire failed to alter the prevailing tone, while import PVC prices declined across origins for another week. Players agreed that PVC remained largely demand-driven, with converters’ resale activity and aggressive distributor pricing keeping availability comfortable throughout the week...
2026-07-10

European PE downtrend accelerates as pricing power shifts
by Manolya Tufan
The downward correction in Europe's PE market gathered further momentum in July, with prices posting another round of three-digit declines. Although crude oil remains volatile amid developments in the Middle East, market participants increasingly agree that supply-demand fundamentals have reclaimed the driver's seat, leaving little room for geopolitical headlines to support polymer prices...
2026-07-10

Asia ethylene: Three-month slide largely stalls as oil rebound steadies sentiment
by Jennifer Lee
Asian ethylene prices largely stabilized this week, ending a three-month decline as higher crude oil and naphtha costs improved market sentiment across Northeast and Southeast Asia. Despite firmer offers, cautious buying and weak downstream demand continued to limit spot trading, leaving any meaningful price recovery dependent on sustained strength in energy markets and derivative demand…
2026-07-10

Asia propylene: Prices rebound as crude surge outweighs weak fundamentals
by Jennifer Lee
Asian propylene prices posted their first weekly gains in three months as renewed US-Iran tensions lifted crude oil and improved buying sentiment across Northeast and Southeast Asia. Despite the recovery, players remain focused on energy markets, with many viewing further gains as dependent on sustained strength in crude and feedstock prices rather than changes in underlying supply-demand fundamentals…
2026-07-10

SE Asia PP and PE shrug off oil rebound as weak demand outweighs geopolitical fears
by Merve Sezgün
Renewed tensions around the Strait of Hormuz lifted crude oil, but Southeast Asia's PP and PE markets remained under pressure as oversupply and weak demand continued to dominate pricing. With much of the war-driven premium already erased, players said only a sustained rally in energy prices is likely to reverse the current bearish trend…
2026-07-10

Europe's PP correction deepens as sellers slash offers beyond costs
by Manolya Tufan
The European PP market extended its downward correction into early July, with the first deals of the month reflecting reductions well beyond the €190/ton decline in the July propylene contract. Lower prices failed to revive buying interest, however, as most converters continued purchasing only for immediate needs while expecting further declines...
2026-07-10

Maersk shifts MECL service back to Red Sea, cuts transit times
by ChemOrbis Editorial Team
The new routing is expected to significantly reduce transit times. Westbound voyages will be around seven days faster on average, while eastbound sailings will be shortened by about 14 days. The first westbound voyage on the revised route will be the Maersk Denver (627W), followed by the eastbound Maersk Chicago (624E)...
2026-07-09