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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. [...]
On the contrary, the handful number of new HDPE and LLDPE film offers to China track stable to softer trend, though deals have also been concluded. [...]
Apparently, most concluded transactions were characterised by need-based purchases and primarily occurred between arbitrage traders and buyers engaging with discounted cargoes. [...]
Better demand from the packaging sector coupled with reduced availability stemming from a series maintenance shutdown encouraged buyers to pursue fresh replenishment. [...]
Data from CommoPlast showed that LDPE film offers based on EXW China terms are now at the highest levels since mid-October 2022. [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 13 May 2024 settled as follows: [...]
Nghi Son Refinery and Petrochemical (NSRP) successfully restarted its PP plant on 10 May 2024 in the Thanh Hoa Province, Northern Vietnam [...]
Traders noted increased caution among buyers as the weekend approached, particularly considering perceived price declines. Many were uncertain whether prices would go into corrections in the following week. [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 10 May 2024 settled as follows: [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 10 May 2024 settled as follows: [...]
[insight] Chinese homo-PP market is in strange water; overseas materials rapidly lose attractivenessBuyers expect more Chinese homo-PP cargoes to emerge in Southeast Asia in days ahead as sellers of this origin attempt to compensate for reduce sales to dee-sea destinations [...]
The minor reduction in spot PP and PE offers were very much expected. Still, customers shied from proceeding with larger buys immediately. [...]
In an official statement to its customers and business partners, SCG Chemical declared force majeure at the Map Ta Phut Olefins (MOC) operations following an exploded Pygas tank located at… [...]
The blaze, which erupted around 10:30 am, was contained by firefighters by 4:50 pm, confirmed by the Rayong provincial public relations office. [...]
Although the combined PP and PE inventory belonging to Sinopec and CNPC are still above the psychological threshold of 800,000 tons, producers are in no rush to make any downward… [...]
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. [...]
Overseas suppliers are leveraging a totally different set of factors to keep their offers firm, from the lack of competition from Chinese parcels to the rising shipping costs. [...]
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