09 Oct 2024
Iran has long been China’s largest supplier of LDPE. However, escalating geopolitical tensions in the Middle East now pose significant risks to this supply chain. Iran’s oil and gas infrastructure has become a potential target for military strikes, which could severely disrupt petrochemical output.
09 Oct 2024
09 Oct 2024
08 Oct 2024
Contrary to the shock expressed by some buyers, other local traders argue that the increases were inevitable, citing previous unsustainably low price levels that have eroded profit margins across the distribution chain.
08 Oct 2024
On one side, many sellers are optimistic that the rally will persist, fueled by government stimulus and geopolitical tensions in the Middle East, which could disrupt supply chains and further support prices.
08 Oct 2024 PET Bottle
While buyers remain cautious, citing concerns over the end-product demand outlook, Chinese PET bottle producers are grappling with escalating production costs. The rise in upstream PTA and MEG prices—driven by the crude oil market—has placed additional pressure on margins.
08 Oct 2024
