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Data from CommoPlast showed that LDPE film offers based on EXW China terms are now at the highest levels since mid-October 2022. [...]
As reported earlier, expectations on tightening supply outlook stemming from a series of maintenance shutdown among local plants in addition to reduced import arrivals played a vital role in pushing… [...]
Market participants indicated a stable number of end-product orders for commercial PE packaging, which would add support to the current firming trend in the raw material market in the near… [...]
In South China, visits to PP and PE converters revealed a mixed picture. Large-scale exporters saw upticks in orders, while those serving the local market, particularly in single-use plastics and… [...]
The near-term market outlook is not strong with the impending week-long ChinaPlas exhibition, followed by five days of Labour Day break. Supply pressure might increase in May, and yet, sellers… [...]
During this period, there was a noticeable trend of small-scale purchases as buyers sought to make essential replenishments. However, sellers continued to face limited supply pressure. [...]
In July 2023, Aramco successfully acquired a 10% stake in Rongsheng Petrochemical for $3.4 billion with an attached 20-year contract to supply crude oil to Rongsheng’s subsidiary – Zhejiang Petrochemical. [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 30 April 2024 settled as follows: [...]
As reported earlier, the local HDPE film market in Indonesia is now struggling with soft demand and higher availability compared to other grades. [...]
Additionally, markets closely monitored the US Federal Reserve's 01 May monetary policy review for insights into future interest rate decisions. [...]
Meanwhile, Chinese PE buyers are expecting firmer offers from overseas suppliers in the coming week following reports of higher local offers in North American market. [...]
Local producers accelerated sales to distributors in preparation for extra inventory accumulation during the Labour Day holiday. The remaining two days are expected to witness significant inventory digestion. [...]
Buying sentiment was sluggish, with only a few buyers making need-based purchases, while the majority hesitated due to the firmer price levels. [...]
The Dalian Commodity Exchange (DCE) witnessed a significant upturn in sentiment as LLDPE and PP futures hit a level not seen since January 2023 and 17 September 2023 respectively [...]
The market exhibited an apathetic buying appetite in the morning, with local distributors striving to offload more cargoes through negotiation ahead of the upcoming Labour Day. [...]
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. [...]
The Indonesian PP market, in principle, remains largely stable this week amid the tightening supply condition within the region while suppliers assess the potential impact of the rising crude oil… [...]
The Indonesian PE market continued to track a stable to softer trend this week following the April shipment price announcement with discounts from various overseas sellers in late March... [...]
Compared to the homo-PP yarn and injection segment, the CPP and PP thinwall grades are traded with premium, supported by the tightening supply outlook ahead of a series of maintenance… [...]
It is interesting that the local HDPE film market in Indonesia is way softer than LLDPE film, contrasting the development in the international market. Demand discrepancy is one of the… [...]
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