Permeate
China’s tariff changes determine the rules of the game


Europe
Very little activity in permeate trade
The permeate market is lackluster as export markets are mostly serviced out of the US at the moment. Upward potential appears to be absent but the downside risk is also limited. Trades mostly happen in the range of EUR 750-800 ex works, which still is somewhat higher than last month.
Americas
The tide has turned again
After China reduced its tariffs on US product, exports out of the EU stopped and US manufacturers regained most of the business again. Most of the China business happens at prices around USD 700/t delivered China.
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