Vietnam’s PE market kicked off September on a noticeably firmer footing following the National Day holidays, with suppliers across domestic and seaborne import channels completely clearing allocations despite elevated price tags.
Despite the loss of upward paper momentum, Shenhua Baotou Coal Chemical Co.maintained solid sales across core commodity grades, concluding the session with an aggregate clearance rate of 90.4% as converters continued to capitalise on competitive auction thresholds relative to firmer local distribution offers.
Asian merchant ethylene and propylene spot prices commenced September on an aggressive footing, realigning after a nine-week multi-feedstock dislocation that has systematically reshaped regional petrochemical economics.