Daily Market Wrap – China – 7 Apr. 2023

Export activities have been slowing for weeks as overseas demand remained feeble amid the traditional off-peak season. Chinese traders, therefore, heavily focused on meeting local inquiries until the export opportunity window opens again.

06 Apr 2023

Daily Market Wrap – China – 6 Apr. 2023

CommoPlast reported earlier on the narrowing export window for Chinese PP suppliers, even so, the opportunity might present itself if the uptrend in these regions sustains.

03 Apr 2023

Daily Market Wrap – SEA – 3 Apr. 2023

Even before the V-shape rebound in the energy market, Southeast Asian buyers have been expecting the recent downswing to be nearing the cyclical bottom.

03 Apr 2023

Daily Market Wrap – China – 3 Apr. 2023

Buyers were more willing to make replenishments over the past couple of weeks but turn hyper-cautious in the wake of heightening inflationary pressure, which could further depress overseas demand.

28 Mar 2023

Daily Market Wrap – China – 28 Mar. 2023

Sources said that while buyers continue to make small purchases to cover their immediate needs, there is also stiff resistance toward the latest hikes.

27 Mar 2023

Daily Market Wrap – SEA – 27 Mar. 2023

More international suppliers started to announce April shipment offers with large reductions from the previous month despite the fact that supply has not recovered from the recent mass production disruption.

21 Mar 2023

Daily Market Wrap – China – 21 Mar. 2023

While the deals are likely to pressure other suppliers to reduce their prices, sources also point out the positive aspect, of which the strong buying interest might indicate that the market has finally found the bottom level after months of tracking the downtrend.

20 Mar 2023

Daily Market Wrap – China – 20 Mar. 2023

Contrary to the outright resistance observed in the PP market, Chinese buyers show better acceptance toward LLDPE film cargoes thanks to the steady demand from the agricultural film sector.

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