26 Sep 2023
Besides, the producer might be attempting to deplete more stocks before the holidays, especially with the still high inventories the company carries at this time of month.
25 Sep 2023
China’s Zhongjing Petrochemical once again steps back on export PP offers as trading sentiment slumps at home ahead of the long holiday while key contracts on Dalian Commodity Exchange extended the weakening trend.
Indonesian buyers reported having received PP and PE offers for October loading from a major Malaysian producer with additional increases on PP and HDPE cargoes compared to the previous month
Indonesian manufacturers in the packaging sector started witnessing a sharp drop in new orders stemming from the stuttering macroeconomic conditions.
Indonesia's domestic PP and PE market remain on the firming track following the latest price announcement from a key domestic producer, driven by the lack of ready-stock cargoes and the strong upstream costs.
Most traded PP and LLDPE contracts on the Dalian Commodity Exchange ended the morning session with additional losses, marking the fourth consecutive session of decline on concerns over the macro-economic outlook.
The coal-based producer introduced CNY10-20/ton discounts on auction prices for homo-PP and HDPE, yet the transactions remained disappointing.
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