With overall market activity slowing ahead of the Chinese New Year holiday, polyolefin players in China and Southeast Asia, where demand has remained persistently weak, have begun sharing their expectations for the post-holiday market outlook. This year, the holiday falls in the final week of January, with markets traditionally resuming activity well after their official conclusion...
After hitting seven-month lows in the second half of November 2024, import ABS prices in Asia largely remained stable, except for a slight increase in China two weeks later. However, the import market resumed downward trend during the week ending on January 10, while local prices inside China continued a two-week decline amid a double whammy of poor demand and weak costs...
While China’s PP markets edged up thanks to a slight improvement in market fundamentals, PE prices remained under pressure amid sluggish demand and declining futures during the week ending on January 10. PE sellers managed to hold on to their import offers but offered some discounts to local buyers, leading to further weakness in the domestic market...
Türkiye’s polyolefin markets opened 2025 on firm footing, as projected, with global sellers seeking price hikes on the heels of limited import volumes and margin concerns. Having depleted their stocks, PP suppliers had already pioneered an upward trend in late December, while PE followed suit as 2025 began. Limited quotas from Saudi Arabian and Russian producers propelled PP even higher as of January, while LDPE emerged as the strongest PE product, supported by robust demand and Petkim’s higher domestic prices...
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