Product Snapshot

Sentiment cools off due to unpromising PP, PE demand in Türkiye

Players in Türkiye’s polyolefin markets started to voice their early April expectations. Prices have reached a plateau both for PP and PE, several participants believe, while lethargic demand casts a pall on the outlook ahead of the nearing Ramadan...

China adds big PE capacities in 2023, just the tip of iceberg for 2024

China has added more than 1.5 million tons of new PE capacity so far this year while there is more to come for the remainder of 2023. This makes up almost half of the capacities planned across the board for this year. What is more, 2024 is set for a much bigger wave of new capacities that will rattle markets...

African PP, PE markets continue to rise in March under shadow of growing demand woes

Polyolefins markets in Africa extended gains into the second month, with globally bullish sentiment and tightening supplies from Mid-East producers cited as main reasons supporting price hikes; defying weaker than usual demand. However, the sustainability of this rally is mooted given the mounting economic concerns across the region as well as fading optimism about the global bullishness...

Vietnam local PP, PE markets stay on downtrend as demand still sluggish

Domestic prices of polyolefins in Vietnam have stayed on a downtrend since early February on lukewarm demand and adequate availability. Most players expect the downtrend to continue in the near term...

Plastics News (Free)