20 Nov 2024
In the PE market, key international suppliers are expected to announce December shipment offers in the coming days. However, buyers anticipate softer price levels due to downward pressure from depreciating local currencies and an increased influx of US cargoes, particularly in HDPE grades.
20 Nov 2024
19 Nov 2024
18 Nov 2024
Southeast Asian buyers face a challenging market dynamic. Regional plant shutdowns are set to tighten the supply of non-dutiable cargoes, potentially supporting higher prices. At the same time, the weakening of local currencies against the US dollar is making imports more expensive.
15 Nov 2024
15 Nov 2024
Purchasing activity remained tepid as buyers refrained from committing at current levels, anticipating a supply surge in the near future. Multiple startups had been scheduled to come online between the present and the following quarter, continuing to raise concerns among buyers.
15 Nov 2024
Suppliers attributed the firm pricing decision to a lack of inventory pressure, which has provided stability amidst otherwise subdued market dynamics. Trading volume, however, were thin as buyer skepticism grew regarding the sustainability of the current firm pricing trend.
