19 Dec 2024
The Shenhua auction platform concluded on a satisfactory note, though its overall performance was constrained by a persistent weakening trend, particularly in the homo-PP futures market. Market sentiment has been notably dampened by the anticipated commissioning of several new plants
18 Dec 2024 PET Bottle
Market activity has been buoyed by robust trading in the prior week as large-scale buyers moved swiftly to secure February shipments at prevailing low prices. Anticipation of gradually warmer weather following the Lunar New Year holiday had fuelled expectations
18 Dec 2024
18 Dec 2024 Propylene
The Asian propylene market has rebounded from 15-month lows, buoyed by a sustained three-week rally as regional supply tightened, particularly in South Korea. However, sluggish buyer sentiment continues to weigh on the market, potentially capping any significant upward momentum in the near term.
18 Dec 2024
Despite Shenhua's ultimately positive trading performance, the homo-PP market weakened, with transaction volumes moderating visibly from the previous session. This decline was predominantly driven by bearish sentiment reflected in futures contracts
17 Dec 2024 SPVC k67-68
After much reluctance, a major Taiwanese producer has reduced January PVC shipment offers to Asia, citing persistently sluggish demand conditions and softer ocean freight rates. However, the price adjustment of $20-25/ton failed to spur immediate buying interest
17 Dec 2024 HD Film LL C4 Film
While HDPE demand remains sluggish, LLDPE film pricing shows potential for more stability. This is partly attributed to resilient demand in the Chinese market, which could create spillover effects in Southeast Asia.
