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Market Wrap Daily Polyolefins Market

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Daily Market Wrap – SEA – 23 November 2022
Higher import and local offers for homo-PP are facing stiff resistance across the region by mid of the week, from which several international suppliers started to collect bids just to gauge the acceptance levels.
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23 Nov 2022

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Daily Market Wrap – China – 23 November 2022

It is informed that the Saudi producer is now guiding buyers to place bids at $960/ton for LLDPE film, but responses are weak. Most buy ideas are either the same levels as deals done in the previous week at $940/ton for the same cargoes, or slightly lower.
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16 Nov 2022

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Daily Market Wrap – SEA – 16 November 2022

Overseas suppliers started to implement a firmer stance on import homo-PP offers to the Southeast Asia market to reflect the latest rebound in China. While prices are firmer, buying interest has not shown any major improvement.
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16 Nov 2022

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Daily Market Wrap – China - 16 November 2022

Following several days of strong replenishment activities in the import market that sent prices to multi-week highs, Chinese buyers seem to have stocked up the needed quantities.
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24 Oct 2022

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Daily Market Wrap – SEA – 25 October 2022

The regional market holds largely unchanged on the first trading day of the week as both buyers and sellers adopted a cautious stance to monitor the post-Congress Meeting market movement in China. Apparently, no good news comes out from the weeklong political event.
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18 Oct 2022

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Daily Market Wrap – SEA – 18 October 2022

Southeast Asian buyers are cautiously watching out for North American PE cargoes, which have been rife in China recently. The concerns are that a strong US dollar might allow US suppliers to sell at competitive prices compared to other origins.
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18 Oct 2022

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Daily Market Wrap – China – 18 October 2022

The downward pressure is building up as more plants restarted from the shutdown in the previous quarter and domestic producers are being squeezed between high production costs and weak demand.
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17 Oct 2022

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Daily Market Wrap – China – 17 October 2022

The primary theme on the first trading day of the week is wait-and-see. With the spreading effort to contain the flare-up of COVID-19 infection cases from the government, market players are just not confident enough to build inventories.
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