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UK post-consumer PET bottle bale costs in April on the rise amid greater exports to Spain; some sellers aimed to increase prices by £100/tonne: ICIS

Middle East PP supply tightened in Q1 2024 in the wake of a series of production outages; recent Red Sea conflicts resulted in delayed shipments, greater freight costs for deliveries coming from Gulf Cooperation Council: ICIS

US cyclohexane contract prices for April down 2% month-on-month; benzene contracts down US$0.07/gal: ICIS

US ethylene spot prices hold flat, but could face downward pressure as crackers return from maintenance outages; ethylene contracts for March finalized lower than February: ICIS

Global over-capacity, particularly after major expansions in China, continues to impact profitability for chemical manufacturers; companies evaluating plant closures include Indorama Ventures, Mitsui Chemicals: ICIS

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