Asia PE Daily: Saudi major lifts October Southeast Asian allocations amid shipping detours and converter resistance

Asian PE locked in a standoff on Tuesday as a major Saudi producer pegged October allocations across Southeast Asia at $1,270–$1,300/ton CIF, triggering an immediate buyer strike over negative factory margins and unconfirmed shipping dates. Meanwhile, Chinese trading tapered ahead of Golden Week, with domestic spot holding steady as participants focused on locking in year-to-date profits.