Thailand's SCG Chemicals has sold nearly half its stake in PT Chandra Asri Pacific Tbk over four trading days, raising the Indonesian petrochemical major's public free float to 25.7% and signalling a strategic reallocation of capital by its Thai parent.
An extended rebound across Dalian paper markets successfully propelled homo-PP yarn to a near-total clearance on Monday, whereas ample domestic availability and subdued buying interest left the PE complex deeply fractured.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,989 +293 | 8,146 +238 | 4,778 -5 |
| Close (USD/ton) | 1,173 +43 | 1,063 +35 | 624 -1 |
| Volume | 652,490 +51316 | 403,985 +24308 | 1,147,823 -13477 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,002 +266 | 6,466 +220 | 4,648 +167 |
| Close (USD/ton) | 1,175 +39 | 844 +32 | 607 +25 |
| Volume | 179,853 +13952 | 1,152,201 +64188 | 325,727 +19582 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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