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.

30 Sep 2022

Daily Market Wrap – China - 30 September 2022

Besides a good number of deals reported locally, a good number of deals for USA-origin PE cargoes have been achieved in the import market. The prices were so competitive, buyers scoop up all 30,000 tons allocation within the hour

27 Sep 2022

Daily Market Wrap – SEA – 27 September 2022

On the second trading day of the week, it becomes clear that the regional PP market has now embark on a price correction period. The silver lining is that buyers responded positively toward cargoes priced at the lower end of the overall price range.

27 Sep 2022

Daily Market Wrap – China – 27 September 2022

The latest offers indicate that the recent uptrend has lost steam. Weak Yuan makes imports more expensive, especially when the local market could not increase quickly enough to cover the costs.

26 Sep 2022

Daily Market Wrap – SEA – 26 September 2022

Import offers are limited on the first trading day of the week. Major producers opened October shipment offers in the previous weeks are still in the negotiation process to close deals. Apparently, the $90-100/ton dive in ethylene costs just make it more difficult for sellers to convince customers to accept the new prices.

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