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Türkiye PP, PE outlook for 2025: Q1 set for a firm footing, eyes on derivatives for a whole year

Polyolefin markets have struggled to see significant price increases this year, apart from the first quarter, which was buoyed by a surge in freight rates driven by Middle East tensions and active derivatives demand. From the second quarter onward, prices lacked strong momentum due to waning demand for end products that fell short of seasonal expectations amid economic challenges. The second half of 2024 started under the influence of declining freight rates. However, a recent recovery in shipping costs has not prevented the typical year-end slowdown in Türkiye...

Europe PVC outlook for 2025: Supply imbalance threatens price recovery targets

Leaving behind a difficult year, the European PVC market enters 2025 facing a persistent supply-demand imbalance that continues to hinder any immediate price recovery. Multiple interest rate cuts to curb inflation and the war in Ukraine remained a significant drag on the EU economy, weighing on consumer spending and keeping supplies ample despite supply management efforts. The situation is further complicated by trade barriers, including the impact of antidumping duties, which could shift trade flows and alter market dynamics...

India PP, PE outlook for 2025: Players eye brighter Q1 despite current bearishness

Import prices of polyolefins have fallen in India ahead of the year-end amid lackluster demand for end-products and a perception of ample availability in the country. Suppliers, in the middle of paring down excess inventories to hold more cash before closing their books for the year, have offered discounted prices for large buyers but deals have been few and far between. Despite these bearish conditions, traders remain optimistic about a market recovery in early 2025...

Different pricing policies emerge in Europe’s PS, ABS markets in Dec

After the stable to slightly firmer trend seen in November, styrenics markets are seeing small up and down variations in December. Regional producers, indeed, announced divergent pricing policies after the styrene contract was agreed €7/ton lower following the €49/ton decline in benzene contracts. As for ABS, the butadiene contract settled €50/ton down, while the ACN settlement indicated a tiny increase, leading to a small drop in raw materials...

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Asian ABS markets face renewed drops as weak demand persists into Jan

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...

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