19 Dec 2024 PPBC Inj PPH Inj PPH Raf
A major Malaysian producer decided to roll over import homo-PP offers from the previous week, which faced tepid purchasing responses, forcing the supplier to introduce new cuts for volume purchases – effectively lowering the market floor. The offers were at a $10/ton reduction from the previous week
19 Dec 2024
Trading sentiment in the import PE market gained momentum this week, breaking out of several weeks of sluggishness. This uptick was driven by the release of January shipment offers from key international suppliers. While new price lists were generally stable to softer, suppliers clearly sought to minimize price reductions despite growing challenges posed by exchange rate fluctuations.
13 Dec 2024
The import market reflects this anticipation, with a major Taiwanese producer expected to announce January shipment offers in the coming week. Buyers expect stable-to-slightly-firmer pricing, incorporating potential ADD adjustments. The producer has kept PVC offers to India firm for four consecutive months at $800-810/ton CIF.
13 Dec 2024 PPBC Inj PPH Raf
As reported earlier, most woven bag converters now carry between 30 to 60 days’ worth of inventory, allowing them time to assess the market direction in January while engaging in lengthy price negotiations for new purchases. The extremely volatile exchange rates further encourage the conservative stance.
12 Dec 2024
On the domestic front, a decision by a major local producer to slash spot HDPE film offers, coinciding with the availability of localized Malaysian cargo, significantly impacted trading sentiment. Buyers immediately withdrew from the market to assess potential pricing directions for the coming weeks.
06 Dec 2024
As reported in the previous week, Indonesian buyers managed to secure some quantities of localized Malaysian homo-PP yarn at high attractive price levels. At the moment, there is a growing consensus among purchasers to adopt a wait-and-see approach, reassessing market conditions in the near term.
06 Dec 2024
Indonesian buyers, like their counterparts across Southeast Asia, are attentively tracking demand trends in China, particularly for LLDPE film, to assess potential spillover effects in the coming weeks. While there is speculation that the market for LLDPE film may be approaching its cyclical bottom
