11 Dec 2023
This is the third consecutive week the producer lowered export offers despite having limited on-hand stocks stemming from the drastic production rate cut over the past months.
A key Malaysian producer spearheaded January PE shipment offers in Vietnam with additional decreases from December, marking the second consecutive month of declines.
In Indonesia, a noteworthy development has unfolded as a local producer strategically lifted spot PP offers in their latest weekly price announcement to reflect the rebounding trend recorded across the regional market.
Market sentiment was rather sluggish throughout the early hours of the first trading day as buyers remained on the sidelines to assess the possible pricing direction before engaging in purchases.
Thanks to the resilient futures contracts on the Dalian Commodity Exchange, the Shenhua auction platform kickstarted the week on a strong note.
08 Dec 2023 PET Bottle
Following a brief stabilisation, an Indonesian PET bottle producer resumed cutting spot offers to the domestic market as the heavy influx of overseas supply weighs on the sentiment amid the falling energy complex.
08 Dec 2023
Several key international suppliers reported having achieved satisfactory transactions in India this week with at least one Middle Eastern producer claiming to sell out December allocations.
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