Polyolefin players across Asia and Europe have converged on the idea that PE has outperformed PP both in terms of demand and prices. PE hikes

Many Asian PP and PE producers have either cut or considered lowering their operating rates recently as multi-year high spot naphtha and olefins prices have wrecked margins.

Lingering supply chain issues, bullish upstream markets and a drying up of import offers have kept prices of polyolefins in India on an upward course.

The rally in crude oil prices has gained momentum this week to close in on $100 per barrel upon the mounting tension between Russia and

In China, polyolefin markets had a strong start to the post-Lunar New Year holiday period. This was no surprise considering the sustained support from the cost side

PP and PE prices have been steadily rising since early January in India. A stronger buying momentum resulting from a persistent rise in upstream markets