After a long streak of weekly gains, global oil futures ended last week with a deep slump. According to market analysts, this sudden reversal in trend highlighted underlying concerns among investors regarding the future outlook of demand and the higher risk of recession...
Spot PET bottle prices across global markets followed a stable to firmer trend over the past week. After lagging behind seasonal expectations, demand has shown signs of recovery in major markets. This along with surging feedstock prices provided sellers with the leverage to issue slight hikes...
PVC prices have been posting relentless declines since mid-April in Turkey, while the cumulative losses have reached 20-21% since then. The market was clearly unfazed by a short-lived recovery in China’s local and export markets earlier this month, which was triggered by the lifting of lockdowns...
The Chinese government’s commitment to the “zero-case” policy persists, and so do the efforts to revive the covid-hit economy. The recovery hopes following Shanghai’s reopening in early June have recently been dashed again amid the uphill battle with new outbreaks...
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