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News Insight & Analysis

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South Korean homo-PP fell below $1250/ton threshold in Vietnam
04 May 2021 Buyers are patiently waiting for other sellers to adjust prices to similar levels, considering the lack of purchasing activities regionwide.
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04 May 2021

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Saudi Arabia producer down-adjusted PE offers for the third time to Vietnam

Even after three price cuts from the initial offers, Vietnamese buyers do not appear eager to make replenishment on the concerns of the near-term outlook.
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04 May 2021

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Indonesian producer rollovers PVC prices to the local market for May

The initial response from the market is not strong, partially due to the holiday mood ahead of the fast-approaching Ramadan holiday.
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04 May 2021

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Indonesian market embraces holiday mood; local sentiment wanes

Local suppliers have been cutting spot PP and PE prices since the beginning of the week to encourage demand, yet buyers would purchase no larger quantities than to cover the immediate needs.
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03 May 2021

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Local producer continues to cut PP and PE prices in Indonesia

Meanwhile, there have been reports that spot offers in the distribution market are more competitive at the moment, further distracting buyers from the producer’s price list.
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30 Apr 2021

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Saudi Aramco continues slashes May propane prices to Asia

Saudi Aramco has reportedly announced May shipment prices for propane to Asia with additional reductions from the previous month.
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30 Apr 2021

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Indian LDPE and LLDPE film nosedived in Vietnam

As reported earlier, the worsening COVID-19 outbreak in India is encouraging suppliers here to focus on the export market to compensate for the lackluster local demand.
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30 Apr 2021

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Chinese LDPE film market registers sharp drop on weak demand, piling inventories

Chinese players are not sanguine about the near-term market outlook citing the piling local inventories and the heavy influx of Iranian cargoes in recent weeks.
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