Europe’s polyethylene markets remain bearish on waning demand and abundant supplies. With no indication that inventories are being depleted at a rate that could lift prices, many sellers are instead hoping a recent stabilization in prices may be the bottom of the market for the time being.
The April contract settlement for PVC has been talked both up and down from another rollover. The Turkish market has been depressed, but some hope for prices picking up based on seasonal demand patterns.