Daily Market Wrap – China – 28 Aug. 2023

Local producers shrugged off the downward pressure from the dwindling Dalian Commodity Exchange and the large buildup in stocks over the weekend to maintain spot PP offers unchanged, claiming the strong upstream costs.

11 Aug 2023

Daily Market Wrap – China – 10 August 2023

Buyers prefer to downsize their purchases amid a new wave of government shakeup in commodity trading and hedge fund.

31 Jul 2023

Daily Market Wrap – SEA – 31 July 2023

The regional homo-PP market remains largely calm but firm on the first trading day of the week as regional and international suppliers continued to take advantage of the upward momentum in the nearby China market.

31 Jul 2023

Daily Market Wrap – China – 31 July 2023

Spot offers for all PE film grades added CNY50/ton, sending LDPE film offers to the levels last seen at the beginning of April 2023. In addition, the LDPE film market continues to reclaim the premium over other grades after an extended period of decline.

07 Jun 2023

Daily Market Wrap – SEA – 07 June 2023

Meanwhile, the Vietnamese homo-PP market is in a tug-of-war as suppliers put all together efforts to prevent further decline.

07 Jun 2023

Daily Market Wrap – China – 07 June 2023

In the PE market, spot LDPE film offers based on EXW China jump as much as CNY100/ton from the previous trading day on speculations that local supply might tighten as Shanghai Petrochemical and Daqing Petrochemical are set to shut their plants for maintenance.

06 Jun 2023

Daily Market Wrap – SEA – 06 June 2023

Several buyers in the woven bag sector expressed their concerns over the persistently sluggish finished goods businesses and that non-dutiable homo-PP yarn might eventually breach below the $900/ton threshold.

05 Jun 2023

Daily Market Wrap – SEA – 05 June 2023

The Southeast Asia PP market is on a diverged path on the first trading day of the week as offers to Indonesia gallop lower while overseas suppliers put an apparent attempt in maintaining a firm stance in the nearby Vietnam market.

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