Asia Daily PP and PE Overview – 10 March 2021

Players are monitoring the state of demand in the nearby China market on the concern that Chinese suppliers will withdraw export offer instead of continuing to offer discounts if domestic demand picks up.

09 Mar 2021

Asia Daily PP and PE Overview – 9 March 2021

In an interesting development, a couple of international suppliers have stepped back on import offers for Chinese homo-PP yarn to Indonesia due to falling purchasing interest not only in this market but also in other major markets.

08 Mar 2021

Asia Daily PP and PE Overview – 8 March 2021

Despite the limited supply condition, regional buyers are rather cautious when it comes to new purchases at the current offers. Confidence in the medium-term outlook is deteriorating.

04 Mar 2021

Asia Daily PP and PE Overview – 4 March 2021

Meanwhile, Indonesian buyers reluctantly accepted Thailand PE cargoes at $1310/ton for both HDPE and LLDPE film, a $60/ton increased from the previous week.

03 Mar 2021

Asia Daily PP and PE Overview – 3 March 2021

Given the drastic hike from South Korean and Saudi Arabia producers, Southeast Asian buyers become more active in securing Chinese homo-PP yarn parcels, which are still being traded at below the $1500/ton CIF threshold at the moment.

02 Mar 2021

Asia Daily PP and PE Overview – 2 March 2021

The buying interest among Vietnamese PE customers is low given the fact that previously purchased cargoes at much lower price levels are arriving at the market in the coming week.

01 Mar 2021

Asia Daily PP and PE Overview – 1 March 2021

In Malaysia, buyers remain calm following the new price announcement from a major local producer. Sources said that manufacturers are not interested in keeping stocks ahead of the fasting month in April.

25 Feb 2021

Asia Daily PP and PE Overview – 25 February 2021

In Indonesia, local traders decided to implement a $50/ton hike on spot homo-PP offers citing the lack of prompt cargoes and firming international market.

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