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News Insight & Analysis

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South Korean homo-PP breached below the $1200/ton mark in Vietnam
25 May 2022 Apparently, the recent downtrend in the Vietnamese homo-PP market is driven primarily by the hyper-competition among South Korean suppliers while Chinese sellers decided to withdraw to the sideline, refusing to sell at losses.
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25 May 2022 PPH Raf

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Indonesian buyers: Homo-PP prices are not low enough to induce bottom fishing

Demand in the woven bag sector remains weak. Converters are in no mood to build raw materials stocks to avoid a potentially cashflow tightness amid the cloudy economic outlook. Buy ideas for South Korean cargoes are prevalently at $1200/ton CIF Indonesia.
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25 May 2022

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China Morning Snapshot – 25 May 2022

Market sources are not surprised by the sharp reduction in the PP and PE stocks as both Sinopec and CNPC have been pushing the allocation to the distribution market ahead of the month end closing.
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24 May 2022

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[FREE] 24 May 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders continue to show healthy buying interest toward the PP parcels even at slightly higher price levels compared to the previous session.
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24 May 2022

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China Morning Snapshot – 24 May 2022

Buyers continue to proceed with caution, partly due to lacking confidence in the near-term outlook, which is reinforced by the traditional weak demand season in May and June.
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23 May 2022

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[FREE] 23 May 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders appeared more interested in the coal-based PP cargoes on the first trading day of the week while the number of transactions achieved for LLDPE was rather disappointing.
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23 May 2022

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Saudi producer cuts June PE offers to SEA, China

New offers from a key Saudi Arabia producer are not an exception. List price for HDPE film fell three digits from the previous month, widening the price gap with LLDPE film in Southeast Asia.
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23 May 2022

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Malaysian producer slashes June PP, PE offers to Indonesia

In spite of the three digits price cuts, Indonesian customers remain reluctant toward the homo-PP parcels, citing the presence of other non-dutiable cargoes at more competitive levels.
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