Indonesian buyers withdraw to the sideline as homo-PP offers hit multi-month highs

07 Feb 2022 The surging local market has also been elevating the import market. In fact, import homo-PP yarn based on CIF Indonesia terms climb higher at a much quicker pace compared to other markets within the region, data from CommoPlast showed.

07 Feb 2022

China PP, PE market takes a bull ride after the long holiday

However, part of the market remains cautious citing the concerns over the sustainability of the hikes.

07 Feb 2022

China Morning Snapshot – 07 February 2022

Apparently, the inventory pressure remains very much manageable as the inventory piled up less than 1 million tons for second year in a row.

28 Jan 2022

Local PP, PE market in Malaysia rebounded as key maker opens February offers

Buyers decided to make replenishment in anticipation of further increases ahead, once the preparation for the Ramadan season kick in.

28 Jan 2022

Indonesian maker lifted local PP offers for the third time this week, PE unchanged

Buyers are unable to transfer the costs to end-product selling prices, hence adopted a wait and see stance hoping the supply condition would improve in February

27 Jan 2022

Malaysian maker skipped February PP offers to Indonesia, lifted PE

Sources said that the bullish development in the regional PP market, where a series of plant shutdowns coupled with the surge in crude oil would likely push offers higher in the coming weeks

27 Jan 2022

Indonesian producer lifted local PP price for the second time this week

At the moment, the uptrend is supported by multiple factors including a series of plant shutdowns and the rising energy complex.

20 Jan 2022

[FREE] 20 January 2022 - Shenhua's coal-based PP and PE Auction Results

Three consecutive sessions of price hikes seem to push buyers to the sidelines, resulting in lower transactions on today’s session despite the lower allocation available.

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