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In spite of the improving local supply, heightening export challenges amid the off-peak demand season, Chinese suppliers refused to concede to large discounts with spot offers fluctuating in the range… [...]
Data from CommoPlast showed that the production ratio for homo-PP yarn among local Chinese plants has recovered to nearly 32% of the total PP outputs compared to 18% in late… [...]
New import offers are limited on the first trading day of the week with a coupled of sellers surveying the market to gauge the acceptance levels before announcing June shipment… [...]
Compared to the PP market, Chinese buyers believed that the PE sector has a slimmer chance for a price correction given the supply tightness. Nevertheless, the nosedived ethylene costs might… [...]
Apparently, an increasing number of market participants complained about the tightening homo-PP yarn supply this week, which partially contributed to the continued replenishment activities and firmer prices. [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 16 May 2024 settled as follows: [...]
As the momentum gets going, today’s results on the Shenhua Auction Platform were much favourable than on Wednesday particularly for homo-PP and PPBC with higher deal volume [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 16 May 2024 settled as follows: [...]
Refineries in the countries operated at 90.4% during the week, up from 88.5% the week before. According to industry experts, refineries are ramping up operating rates to prepare for the… [...]
Data from the Energy Information Administration (EIA) showed that commercial crude oil stocks in the US fell 2.5 million barrels last week thanks to higher refinery run rates. [...]
As regional and international suppliers are set to announce June shipment offers to Southeast Asia, several producers are surveying market acceptance while expressing selling ideas based on the current market… [...]
Trading activities remained mediocre throughout the morning session as buyers adopted a cautious stance toward the latest hike on the Dalian Commodity Exchange. [...]
Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (collectively known as PRefChem) is gearing up for the production resumption at its petrochemical complex [...]
During the three-month shutdown, from March to June, LSP carries out the necessary repairs, maintenance, and ‘strengthen operating standard’. [...]
According to a producer, they are still fulfilling delivery obligations for previously sold cargoes, hence, are in no rush to make adjustments on spot PP prices. [...]
While traders are concerned about the restocking costs, it seems inevitable that traders have to offer discounts on HDPE and LLDPE film cargoes in order to attract buying interest. [...]
With the Rupiah regaining some strength against the US dollar coupled with the tight local availability, Indonesian customers seemed more keen to engage in negotiations for fresh buys. [...]
The domestic spot market is rather dormant. The short trading week coupled with the appreciation of the Rupiah against the US dollar encouraged buyers to wait on the sideline for… [...]
In China, a number of transactions have been recorded at the start of the week that somewhat signified pre-holiday replenishment activities. Customers here have accepted a $25/ton increase in Indian… [...]
At least two Vietnamese producers are scheduled to come back from maintenance in May while there have been reports of rising export activities from Chinese suppliers. [...]