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>Standard thermoplastics January 2023: Styrenics move higher / Declines continue for other materials / Delay of PX contract causes turmoil / Turnaround in trend could emerge in February as Chinese demand picks up
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Standard thermoplastics January 2023: Styrenics move higher / Declines continue for other materials / Delay of PX contract causes turmoil / Turnaround in trend could emerge in February as Chinese demand picks up
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机译：Standard thermoplastics January 2023: Styrenics move higher / Declines continue for other materials / Delay of PX contract causes turmoil / Turnaround in trend could emerge in February as Chinese demand picks up
PE: In the past few months, prices have been falling almost continuously - a trend that also continued into January. Led by the significant fall in the cost of the monomer in the C2 contract (down EUR 95/t), prices frequently saw reductions in the high, double-digit range. Across the whole PE range, demand actually picked up a little. Some producers succeeded again in factoring in energy costs, but others found themselves in a difficult predicament: because they had cut back their output and were not producing as much as was being ordered, they had no option but to close their order books early. Once the celebrations for Chinese New Year are over, converters in China are likely to ramp up production.
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