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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. [...]
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. [...]
Buyers primarily procured based on necessity and exercised caution due to the softened crude benchmarks. The market is expected to stay stagnant as it heads into the traditional slow season… [...]
The price reduction comes as a relief to domestic PP and PE participants, who have been vocal about the challenges posed by stagnant end-product demand at the previous price levels. [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 13 May 2024 settled as follows: [...]
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 [...]
JG Summit Olefins Corporation (JGSOC) in Batangas City, Philippines experienced an emergency shutdown on Thursday, 09 May 2024, due to technical glitches [...]
CommoPlast reported earlier on a series of LDPE plants entering maintenance season in the second quarter of the year, severely curtailing availability across the region. [...]
Local distributors have conveyed to CommoPlast that customers were generally hesitant to accept higher prices. Nevertheless, those open to negotiations have managed to secure deals. [...]
[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. [...]
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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