Asian PVC markets were holding on to previous levels during the week as most markets in the region were celebrating the Lunar New Year holidays but the sentiment stayed markedly bullish, as supplies were tight. There are expectations of availability being squeezed further as China reopens, with Beijing having lifted most of the COVID restrictions, raising demand within the local market...
Although global crude oil prices tumbled during the first week of 2023, they eventually found their footing. Oil futures settled higher on Friday, marking the second weekly gain on optimism over Chinese demand following the reopening...
Regional players have been wrapping up their January PVC deals mostly with reductions of €50/ton, matching the half of the ethylene drop. As the month draws to a close, voices for a potential stabilization in February start to emerge on the sellers’ side after 9 straight months of drops...
Polyolefin prices moved further north as 2023 kicked off, with suppliers receiving good demand from their customers for their limited volumes, particularly in the first half of January. Players have already started to discuss the February outlook amid indications from global outlets. They mainly expect markets to retain their strength due to the waning supply in Turkey...
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