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.

27 Feb 2023

Daily Market Wrap – SEA – 27 Feb. 2023

Following a drastic price cut from a key Saudi Arabia producer to Vietnam last week, Southeast Asian buyers are taking a step back to assess the outlook before making decision.

20 Feb 2023

Daily Market Wrap – China – 20 Feb. 2023

Chinese players anticipated more pro-growth measures from the government in the upcoming National People’s Congress to keep the economy humming.

14 Feb 2023

Daily Market Wrap – SEA – 14 February 2023

It has now become clear that the uptrend in the PE sector might have reached its limit now that more international suppliers cutting offers to China.

13 Feb 2023

Daily Market Wrap – SEA – 13 February 2023

There have been discussions that Chinese suppliers could afford to offer export and re-export cargoes at attractive price levels because of the low cost on-hand stocks.

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