These corrporates to views of @jitenp
@Abha I can share part of it…these are subscription based 50 page weekly reports.
Following are comments on one of the PE grade… these comments are more or less similar since many weeks and similar to other PE grades as well …like LLDPE, HDPE and others.
Following link is another good read on supply of PE.
China continues to pour money during this Overcapacity and weak demand cycle for commodity chemicals.
It is not mystery as to why they are still pumping money into petrochemical capex, They plan to move from making more basic petrochemicals for polyester fabrics and plastic packaging to manufacturing higher value products solar, EV,Wind etc.
As per my understanding from news and noises, I presume analysts predict demand and capacity rebalance in 2025.
According to me, Especially for packaging products end-use demand remains key and its relating to existing higher interest rate conditions.
I might be negatively biased, Especially for export demands.
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