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Stats: China’s monthly PP exports surpass imports for first time
According to data obtained from ChemOrbits Stats Wizard, China’s total PP exports hit a record high for monthly volume in March
PP and PE markets reverse course after 2 months in Africa, what lies ahead for May?
After price gains lost steam back in March, Africa’s polyolefin markets have turned soft this month, caused by weak derivative demand
Mid-East PP, PE markets stuck between bullish costs, weak fundamentals; May outlook murky.
In the Middle East polyolefin markets snapped a two-month uptrend in April
Asian ethylene stable amid more US cargo arrivals; China propylene edges up
Northeast and Southeast Asian ethylene prices have stayed flat this week despite the threat of increased ex-US Gulf ethylene cargo arrivals into China/NEA for June, and trader reports that more cargo fixtures are under negotiation for July arrival
European PVC set to level off in May, sellers signal no prices concessions.
Regional PVC markets recorded modest gains for another month in April, while producers failed to achieve margin expansion despite reduced imports and run rate cuts given that more was needed to tip the scales in their favor amid the absence of demand
Lower bids drag import PP, PE down before Eid al-Fitr in Turkiye
Polyolefin prices moved south this week as more suppliers revealed their fresh April offers and received lower bids from their regular customers