28 Mar 2023
The latest price reductions, although considered large, failed to stimulate the desirable buying interest among Malaysian buyers.
Even after the sharp reductions, the producer’s latest PP offers are deemed less attractive compared to other non-dutiable origins.
Several other traders expressed their interest in making additional replenishment for LLDPE film from the import market this week due to the tight spot supply in the local market.
Thanks to the strong rebound on the energy complex, Chinese bidders are more confident in proceeding with new purchases on the Shenhua auction platform this morning.
27 Mar 2023
Indeed, Southeast Asian customers have been relatively firm on their buy ideas for homo-PP yarn and injection below the $1000/ton threshold based on CIF terms.
In March, the producer skipped all spot offerings for LLDPE film due to a scheduled maintenance shutdown at one of the production lines, which curtailed supply sharply. Market sources said availability for this month remains relatively limited.
Following a brief attempt to keep the local market stable, a key domestic producer in Indonesia continued to down-adjust spot PP and PE offers lower over the weekend on heightened competition
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