Asia Daily PP and PE Overview – 22 March 2021

The regional homo-PP market opens the first trading day of the week on a mixed note, with Malaysian producer announced April shipment offers with $150/ton hike from the previous month to Indonesia.

19 Mar 2021

Asia Daily PP and PE Overview – 19 March 2021

Buyers cautious monitor the market movement on the concerns that the falling PP market might cast a spillover effect on the PE sector.

18 Mar 2021

Asia Daily PP and PE Overview – 18 March 2021

The Vietnamese import homo-PP market enters a correction pioneered by a steep price reduction from a major South Korean supplier after a large price cut introduced by a local producer in the previous trading day.

17 Mar 2021

Asia Daily PP and PE Overview – 17 March 2021

Meanwhile, regional buyers are turning to Chinese PP block copolymer for competitive price levels after receiving new offers from South Korean and Southeast Asian suppliers with drastic increases.

16 Mar 2021

Asia Daily PP and PE Overview – 16 March 2021

While official offers for import homo-PP to Southeast Asia remain largely stable from the previous trading day, there have been signs that the market has reached the peak and is primed for a correction.

15 Mar 2021

Asia Daily PP and PE Overview – 15 March 2021

The 3-4 weeks shutdown at Advanced Petrochemical Company (APC) in March restricted supply from the seller severely, especially after aggressive selling activities to Turkey recently.

12 Mar 2021

Asia Daily PP and PE Overview – 12 March 2021

In the meantime, a main local trader in Indonesia steps back on spot PP and PE prices slightly, reflecting the lack of purchasing interest in this market.

11 Mar 2021

Asia Daily PP and PE Overview – 11 March 2021

In fact, several traders reported having received steady inquiries for export PE cargoes to South America and Africa, though quantity is not as large as PP.

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