February 2025 Purchase indicators of Plastics, Crude Oil, Rubber, Cotton, Sea freight, Currencies, Inflation Year, China Export rebates and China VAT

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February 2025 Purchase indicators of Plastics, Crude Oil, Rubber, Cotton, Sea freight, Currencies, Inflation Year, China Export rebates and China VAT

 

The Electric bike industry February 2025 purchase indicators are like below:

 

Plastics LDPE (foil) increased by 6.6%, crude oil decreased by 7.9%, cotton decreased by 4.7%.

The container freight rates from China to Europe decreased around 19%~28%, and China to USA rates decreased by around 13%~18% in February.

 

 

Europe Plastics prices: LDPE (foil) increased 6.6% in February, other plastics prices remained stable.

Original: https://www.plasticportal.eu/  Unit: EUR/Ton

Indicator Mar.-24 Apr.-24 May-24 Jun.-24 Jul.-24 Aug.-24 Sep.-24 Oct.-24 Nov.-24 Dec.-24 Jan.-25 Feb.-25
PS (normal/clear) 2,020 2,000 1,980 1,980 1,890 1,830 1,840 1,600 1,650 1,650 1,660 1,640
HDPE (injection) 1,430 1,310 1,340 1,340 1,390 1,280 1,460 1,360 1,240 1,320 1,300 1,310
LLDPE (foil) 1,440 1,310 1,290 1,290 1,210 1,320 1,350 1,290 1,190 1,230 1,300 1,340
LDPE (foil) 1,550 1,310 1,300 1,300 1,280 1,380 1,410 1,360 1,280 1,310 1,370 1,460
PVC (foil) 1,050 1,120 1,140 1,120 1,040 1,065 1,055 1,055 975 975 965 965
ABS (natural) 2,265 2,300 2,330 2,330 2,380 2,340 2,330 2,230 2,250 2,210 2,230 2,250
PC (clear bright) 3,530 3,530 3,530 3,530 3,220 3,410 3,380 3,330 3,220 3,260 3,350 3,410
PP (homo) 1,540 1,350 1,400 1,400 1,400 1,460 1,510 1,410 1,380 1,400 1,420 1,460

Oil: price declined from USD 76/bbl to USD 70/bbl in February (-7.9%,  ~USD 67/bbl today).

  • Prices came under pressure from the potential fallout of global trade shifts.
  • While President Donald Trump eased some tariffs on Mexico and Canada until April 2, Canada’s retaliatory tariffs remain, and China’s also take countermeasures.
  • OPEC+ plans to revive output in April, coinciding with prospects of a restart of the Kirkuk-Ceyhan pipeline and increased production at Kazakhstan’s Tengiz field.
  • Russian President signaled interest in a Ukraine peace deal, raising the prospect of sanctions relief and higher Russian oil exports.

Rubber: Rubber: price increased from USD 1,930/ton to USD 2,030 in February (+5.2%, USD 2,030/ton today).

Cotton: price drop from USD 1,500/ton to USD 1,430/ton in February (-4.7%, 1,470/ton as of today).

  • Concerns about US trade policies.
  • The USDA reported an increase in upland cotton net sales.
  • Improved demand was noted, with expectations for strong sales from March through May.
  • Overall, market sentiment showed signs of recovery after a prolonged bearish trend.
Indicator Mar.-24 Apr.-24 May-24 Jun.-24 Jul.-24 Aug.-24 Sep.-24 Oct.-24 Nov.-24 Dec.-24 Jan.-25 Feb.-25
Crude oil (USD/bbl)  81  84  77  83  74  73  70  71  68  69  76  70
Rubber RSS3 (USD/ton)  1,650  1,630  1,720  1,750  1,630  1,750  1,930  2,000  2,000  2,000  1,930  2,030
Cotton (input for CAB)

( USD/ton)

  2,000  1,830  1,730  1,540  1,500  1,500  1,560  1,560  1,560  1,540  1,500  1,430

Sea freight in February:

China – Europe: decreased from USD 2,100/20FT to USD 1,700/20FT (-19%)

Shanghai – Europe: decreased from USD 2,230/20FT to USD 1,600/20FT (-28.3%).

China – US Westcoast: increased from USD 1,100/20FT to USD 960/20FT (-12.7%).

Intra-Asia: decreased from USD800/40FT to USD 670/40FT

  • The combination of a seasonal slump in demand and the possible end of frontloading likely drove the sharp fall in transpacific ocean rates.

•       Tariffs driving up inflation and negatively impacting consumer spending could also push down demand for ocean freight in H2.

 

 

Currencies: Original: www.oanda.com

Currencies:

EUR/USD: increase from 1:1.03 to 1:1.04(+0.97%).

EUR/JPY:decreased from 1: 162.02 to 1:158.05 (-2.5%).

EUR/CNY: stay at 1:7.56. (0%), increased to 1:7.84 today

USD/JPY: decreased from 1:156.57 to 1:151.79. (-3%).

USD/TWD: decreased from 1:32.86 to 1:32.79 (-0.2%).

USD/CNY: decrease from 1:7.3 to 1:7.26 (-0.55%).

 

Indicator Mar.-24 Apr.-24 May-24 Jun.-24 Jul.-24 Aug.-24 Sep.r-24 Oct.-24 Nov.r-24 Dec.-24 Jan.-25 Feb.-25
EUR/USD  1.09  1.07  1.08  1.08  1.08  1.10  1.11  1.09  1.06  1.05  1.03  1.04
EUR/JPY  162.71  165.04  168.36  170.05  171.12  161.46  158.87  163.22  163.10  161.22  162.02  158.05
EUR/CNY  7.82  7.76  7.81  7.80  7.87  7.87  7.86  7.73  7.65  7.63  7.56  7.56
EUR/TWD  34.41  34.67  34.90  34.84  35.40  35.50  35.47  34.98  34.36  34.11  34.00  34.14
USD/JPY  149.77  153.94  155.76  158.04  157.71  146.24  142.84  149.77  153.48  153.91  156.57  151.79
USD/NT$  31.68  32.34  32.30  32.39  32.63  32.23  31.94  32.10  32.34  32.57  32.86  32.79
USD/CNY  7.20  7.24  7.23  7.25  7.26  7.15  7.07  7.09  7.20  7.28  7.30  7.26
EUR/VND  26,850  26,990  27,500  27,370  27,500  27,600  27,350  27,280  26,930  26,620  26,150  26,400
USD/THB  35.94  36.75  36.60  36.71  36.23  34.71  33.26  33.35  34.39  34.13  34.25  33.75

 

Inflation Year on Year %, China Export rebates and China VAT

Indicator Mar.-24 Apr.-24 May-24 Jun.-24 Jul.-24 Aug.-24 Sep.-24 Oct.-24 Nov.-24 Dec.-24 Jan.-25 Feb.-25
Japan Inflation (CPI) YOY % 2.70% 2.50% 2.80% 2.80% 2.80% 3.00% 2.50% 2.30% 2.90% 3.60% 4.00%
Taiwan Inflation (CPI) YOY % 2.14% 1.95% 2.24% 2.42% 2.52% 2.36% 1.82% 1.69% 2.08% 2.10% 2.66%
China Inflation (CPI) YOY % 0.10% 0.30% 0.30% 0.20% 0.50% 0.60% 0.40% 0.30% 0.20% 0.10% 0.50%
Vietnam Inflation (CPI) YOY % 3.97% 4.40% 4.44% 4.34% 4.36% 3.45% 2.63% 2.89% 2.77% 2.94% 3.63% 2.91%
China Export rebates 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13%
China VAT 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13% 13%

 

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