04 Dec 2023
As December unfolds, converters in Malaysia are adhering to their annual practice of refraining from stocking activities. This trend aims to minimize inventory levels on their books, contributing to the subdued market activity.
04 Dec 2023 SPVC k67-68
Meanwhile, sources are optimistic about the demand from the PVC film sector as converters in the packaging sector ramp up operating rates to meet the festive demand.
Local suppliers have responded to the weakening futures contracts by offering discounts and providing additional negotiation space for customers.
The coal-based polyolefins session ended with disappointing results, particularly for homo-PP stemming from the producer’s attempt to lift the price by CNY180/ton from the previous session
01 Dec 2023 PET Bottle
The Indonesian PET bottle market remained on a stable trajectory for the third consecutive week as sellers refused to concede to further discounts in guard of the operating margins.
01 Dec 2023
On the other hand, market participants adopt a cautious stance to assess the latest manufacturing data and OPEC+ oil production decision instead of securing more cargoes.
The Shenhua auction platform kickstarted the week on a strong note as buyers appeared more enthusiastic to procure more cargo leading to a healthy number of deals concluded.
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