As players gradually return from the Christmas holidays, initial PP offers for January have emerged with 3-digit increases that sent prices to fresh highs. PP is deemed shorter than December, which supported suppliers to push their margin expansion to January...
Import and local polyolefin markets of Turkey extended their gains into the new year mainly on the heels of supply constraints. PE saw larger increases than PP for January, while a general cautiousness pervaded both markets regarding the medium term...
In Vietnam, local homo-PP prices have been witnessing reductions since after the market hit a more-than-two-year high in mid-December while waning demand is the main driver of this downturn. Two factors have weighed on buying interest recently: softening sentiment in China and reduced end-product manufacturing at home...
In China, import PE prices retreated from multi-year highs in mid-December 2020 and have tracked a stable to softer trend since then. Weakening demand amid environmental inspections to prevent pollution and a lack of electricity has continued to pull the sentiment down, leading to further corrections in spot prices...
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