Nov 21, 2024 6:21 p.m.
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Market Wrap Daily Polyolefins Market

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Daily Market Wrap – China – 14 November 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.
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14 Nov 2024

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Daily Market Wrap – SEA – 13 November 2024

Across Southeast Asia, multiple regional PP plants have been taken offline due to unsatisfactory profit margins, while others are running at reduced capacity. Although buyers are not engaging in panic buying, the possibility of a tighter supply of duty-free cargo is emboldening sellers to hold firm on prices.
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14 Nov 2024

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Daily Market Wrap – China – 13 November 2024

The packaging sector remained in the cool-off period typically experienced between Singles' Day sales and preparations for Lunar New Year demand. At present, the market is primarily supported by seasonal demand in the agricultural film sector.
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13 Nov 2024

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Daily Market Wrap – SEA – 12 November 2024

Despite these prospects, trading sentiment remains muted. With a weakening outlook in China and the added pressure of a strengthened US dollar, sources expect sellers to be more inclined to offer discounts in the coming months.
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13 Nov 2024

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Daily Market Wrap – China – 12 November 2024

In the import sector, conditions were less favorable due to the depreciation of the Yuan, which has raised the cost of cargoes priced in US dollars. A leading Middle Eastern producer reduced PE offers by $20/ton from its previous price announcement,
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12 Nov 2024

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Daily Market Wrap – China – 11 November 2024

The previous bullishness surrounding the expected economic stimulus has now faded, with market participants refocusing on core supply-demand fundamentals. The off-peak season and easing supply outlook present immediate headwinds.
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07 Nov 2024

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Daily Market Wrap – SEA – 06 November 2024

In Indonesia, the market shows signs of significant weakness. The PP film sector, in particular, has come under considerable strain, driven by a notable slowdown in demand from the food packaging industry.
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07 Nov 2024

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Daily Market Wrap – China – 06 November 2024

However, there are growing concerns among market participants regarding the sustainability of this uptick. New orders for finished goods continue to be driven by immediate needs rather than broader market confidence, casting doubt on the longevity of this demand spike.
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