16 Oct 2024
The Southeast Asian PP market continues to experience a tug-of-war between sluggish demand and heightened concerns over volatile energy prices, exacerbated by geopolitical tensions in the Middle East. While some Chinese suppliers have slightly reduced their import offers by $10/ton, most regional sellers are attempting to hold firm on their current price lists
16 Oct 2024
However, the expectation among Chinese buyers for additional price reductions persists. Nevertheless, market data suggests that any substantial cuts are unlikely in the short term, as current price levels are nearing the cost threshold for producers.
15 Oct 2024
15 Oct 2024
While the local PP market experienced a pronounced downturn, the PE sector saw a mixed bag of price movements, reflecting a lack of consensus among sellers. Some sellers opted for a modest increase of CNY 50-100/ton, while others reduced their offers by a similar margin.
14 Oct 2024
14 Oct 2024
Concerns are growing over potential disruptions to Iranian oil and gas infrastructure, which could significantly impact the country's petrochemical exports to China. Several major Middle Eastern producers are also reported to be operating at reduced capacities due to constrained gas supplies
11 Oct 2024
