Asia Daily PP and PE Overview – 17 June 2020

The regional PE market is waiting for regional and overseas sellers to open July shipment offers with expectation mostly call for steeper increases citing the support from supply tightness and the surging ethylene costs.

15 Jun 2020

Asia Daily PP and PE Overview – 15 June 2020

It is important to note that local traders continue to leverage on this opportunity to implement increases on the on-hand cargoes, but very hesitant to accept HDPE and LLDPE film cargoes near to the $900/ton mark.

12 Jun 2020

Asia Daily PP and PE Overview – 12 June 2020

In the meantime, demand in Indonesia abruptly falls toward the end of the week, especially from the food packaging sector.

11 Jun 2020

Asia Daily PP and PE Overview – 11 June 2020

In the meantime, PP fiber appears under pressure and a couple of sellers are bundling with yarn cargoes to entice the off-take rates for PP fiber.

09 Jun 2020

Asia Daily PP and PE Overview – 9 June 2020

While supply tightness and firm ethylene costs continue to support seller’s position, buyer’s confidence is heavily weighted by the renewed tension between China and the USA and the slow to recover global economy in the post-pandemic period.