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.

05 Jun 2023

Daily Market Wrap – China – 05 June 2023

The local PP market inches CNY50/ton higher on the first trading day of the week, shrugging off the soft futures trading as suppliers leverage the reduced inventory pressure and positive economic data.

23 May 2023

Daily Market Wrap – China – 23 May 2023

The highlight of the PE market on the second trading day of the week is the emergence of more import cargoes at sharply lower levels compared to the previous week. Indeed, Singaporean metallocene PE (mPE) plunged $90-100/ton

22 May 2023

Daily Market Wrap – SEA – 22 May 2023

In Southeast Asia, the import PP market opens the week on a soft note with Vietnamese buyers reported having received offers for Chinese yarn and injection cargoes below the $950/ton mark

22 May 2023

Daily Market Wrap – China – 22 May 2023

Sources said that trading activities come close to zero throughout the first half of the trading day as the US failed to reach an agreement to lift the debt ceiling, fueling the risks of default this June.

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