08 Oct 2024
On one side, many sellers are optimistic that the rally will persist, fueled by government stimulus and geopolitical tensions in the Middle East, which could disrupt supply chains and further support prices.
08 Oct 2024 PET Bottle
While buyers remain cautious, citing concerns over the end-product demand outlook, Chinese PET bottle producers are grappling with escalating production costs. The rise in upstream PTA and MEG prices—driven by the crude oil market—has placed additional pressure on margins.
08 Oct 2024
08 Oct 2024 Naphtha
Naphtha, a critical feedstock for the Asian petrochemical industry, typically mirrors crude oil price movements. Since early October, Brent crude futures have surged over 11%, fueled by concerns over escalating geopolitical tensions in the Middle East
08 Oct 2024
Shenhua wrapped up its first auction session in October with notable success, selling out all available cargoes. This result was largely driven by robust buying activity, spurred by an upswing in futures contracts on the Dalian Commodity Exchange
07 Oct 2024
The local PP and PE markets in Indonesia saw marginal price increases at the start of the week, driven by the depreciation of the Indonesian Rupiah against the US dollar and a cautiously optimistic regional outlook.
04 Oct 2024 PET Bottle
Meanwhile, Chinese PET bottle suppliers raised both domestic and export offers earlier this week in response to a more optimistic market outlook. This came after the Chinese government pledged to support the property sector and overall economic growth.
