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News Insight & Analysis

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Local producer cuts October PVC offers in Indonesia after a brief delay.
10 Oct 2023 Similar to other petrochemical sectors in Indonesia, buying interest is sapped by the weak economic growth and the rapid depreciation of the Rupiah against the US dollar.
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10 Oct 2023

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China Morning Snapshot – 10 October 2023

Opinions are that without substantial support, namely persistently rising crude oil prices or more economic stimulus from the government, the domestic PP and PE offers might decline further.
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10 Oct 2023

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10 October 2023 - Shenhua's coal-based PP and PE Auction Results

Market participants become more reluctant to proceed with new purchases on renewed concerns over the macroeconomic outlook.
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09 Oct 2023

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Price List: Zhongjing resumes cutting export PP offers following the holiday.

As China returns from the weeklong National Day holiday, Zhongjing Petrochemical continues to cut export PP offers given the persistently weak overseas demand and the nosedived crude oil market recently.
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09 Oct 2023

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Local PP, PE market galloped higher in Indonesia on exchange rates.

An Indonesian producer announced a fresh PP and PE price list over the weekend with additional increases, fetching support from the depreciating Rupiah against the US dollar while demand shows no signs of improvement.
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09 Oct 2023 SPVC k67-68 SPVC (A) k67-68

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Chinese PVC tracks stable to softer trend in SEA; timid demand persists.

The rebounded crude oil prices failed to uplift sentiment given the fact that players have widely expected further reductions ahead.
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09 Oct 2023

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Chinese LLDPE film market languishes after the holiday; demand worries outweighed cost support.

As the Chinese market returns from the weeklong National Day holiday, at least three international suppliers announced official LLDPE film price lists at lower levels compared to late September.
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09 Oct 2023

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China Morning Snapshot – 09 October 2023

Unsurprisingly, Chinese market participants would prefer to wait on the sideline on the first trading day of the month to catch up with the market.
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