Daily Market Wrap – China – 13 October 2022

Megacities in the country, including Shanghai, are ramping up mass testing to comb out infection cases while local governments tighten movement restrictions in order to keep the outbreak under control ahead of the Congress Meeting.

12 Oct 2022

Daily Market Wrap – China – 12 October 2022

In the export market, key producers stepped back on homo-PP offers from the previous session to reflect the weakening domestic ground. Zhongjing Petrochemical introduces a new price list at $1070/ton for yarn while Sinopec offers $1030/ton, all based on FOB China terms.

11 Oct 2022

Daily Market Wrap – SEA – 11 October 2022

A couple of re-export HDPE and LLDPE film cargoes from China are observed in Vietnam at the higher end of the overall price range, which faces stiff resistance, but is very much understandable considering the lack of availability in China itself.

11 Oct 2022

Daily Market Wrap – China – 11 October 2022

The upbeat trading sentiment observed over the past three trading days (including the weekend) has been stamped out as the Chinese government escalate the efforts to tame the new wave of the COVID-19 outbreak, which is expected to curtail demand.

10 Oct 2022

Daily Market Wrap – China – 10 October 2022

In contrast to the highly cautious stance in the PP market, Chinese buyers continue to search for competitive LLDPE film cargoes in preparation for the peak agricultural film season ahead.

04 Oct 2022

Daily Market Wrap – SEA – 4 October 2022

As expected, several other international suppliers have stepped back on import homo-PP offers to Vietnam, an attempt market sources said to retain customers from flocking to competitive South Korean cargoes.

03 Oct 2022

Daily Market Wrap – SEA – 3 October 2022

In contrast to the dwindling sentiment in the PP sector, the tightening supply condition seems to lend sufficient support to the PE market, encouraging suppliers to lift selling prices even though buyers are gradually withdrawing to the sidelines.

30 Sep 2022

Daily Market Wrap – SEA – 30 September 2022

The regional PE market is calm on the final trading day of the week, mostly because overseas sellers have completed October businesses. Besides, the additional slide in ethylene costs and news of competitive USA cargoes emerging in China encourage customers to stay on the sidelines.

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