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.

18 Oct 2022

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.

18 Oct 2022

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.

17 Oct 2022

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.

13 Oct 2022

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.

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