27 Sep 2024
As trading sentiment in the nearby Chinese market remained resilient, Southeast Asian market participants became more inclined to make new purchases at the right prices. A series of production disruptions in Southeast Asia also contributed to an uptick in the trading sentiment.
27 Sep 2024
Chinese suppliers' attempt to raise spot homo-PP offers by CNY 50/ton following robust sales results encountered immediate pushback. Despite ongoing buyer inquiries, negotiations have grown more contentious, leading to a noticeable dip in transaction volumes.
26 Sep 2024
26 Sep 2024
In contrast to the conservative pricing strategies seen in the PP sector, Chinese sellers have taken a more aggressive approach in the PE market, raising spot prices by CNY 50-100/ton. These increases are in response to stronger futures contracts and a more optimistic macroeconomic outlook. However, demand for PE today has lagged behind that of PP, according to market sources.
25 Sep 2024
25 Sep 2024
Mirroring trends in the PP sector, the PE market experienced a boost in sentiment driven by gains in key futures contracts on the Dalian Commodity Exchange. However, spot PE film prices remained unchanged from the previous session, reflecting a cautious approach by local suppliers despite an improved macroeconomic outlook.
24 Sep 2024
Two prominent Middle Eastern producers have released October shipment offers for PE to Southeast Asia at prices consistent with the previous month. This conservative pricing approach has raised eyebrows among market participants, many of whom had anticipated minor increases in LLDPE film prices.
