Cheap imports rain on New Year party

Imports into Europe have undermined the prices there. Yet, as contracts are still being negotiated for the first quarter, information is still speculative. The article continues with an overview of current market trends for various chemicals, with statistics. Polyester prices are expected to continue downward, due to slow sales. Even the spot buying market is reflecting the oversupply, with slow sales. The Ethylene glycol market is slow. Acrylonitrile prices are soft, owing to slow sales in Europe and Asia. Turkey's exports to Europe have also softened prices. Cyclohexane and caprolactam prices are equally soft.