14 Mar 2024
The auction price for LLDPE stayed consistent from yesterday but finished weaker transactions, however, surprisingly homo-PP achieved 100% sales despite higher deal prices
13 Mar 2024
In spite of the sluggish futures market, local suppliers maintain a firm stance on homo-PP cargoes claiming the tightening supply outlook ahead of the maintenance shutdown season.
The producer lured buyers to the market by offering a CNY20-30/ton discount on deal prices for both homo-PP and LLDPE compared to the previous session.
12 Mar 2024
Indonesian players were taken aback by the increase, given that the price in the distribution market had begun to decline the previous week.
Players informed that there have not been any fresh import offers in the last two days because many buyers are still holding out for any additional discounts
Players noted that while the auction price for LLDPE has been steady since Monday, buyers who held off purchases from yesterday tend to place new orders after witnessing a comeback on the futures market.
08 Mar 2024
Against the strong upstream ethylene costs and the higher offers from peer suppliers, a major Saudi Arabia producer offers another $20/ton discount on import PE offers to China, marking the second reduction this week.
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