South Korea’s GS Caltex started marketing HDPE cargoes from new plant

14 Jun 2021 The new plant is a 50-50 joint venture between GS Energy Corp. and Chevron Corp., costing 2 trillion won ($1.84 billion) that started construction work in 2019.

14 Jun 2021

Local PP and PE market in Indonesia registered another round of reductions

In spite of the sharp price cuts, sources said that the producer’s price list remains well above the distribution market, which encourage buyers to hold the wait-and-see position.

14 Jun 2021

Asian propylene market plunged on improving supply, weak demand

It is expected that spot propylene market would remain under pressure in the near term as buyers withdraw to the sideline waiting for new supply to emerge.

11 Jun 2021

China Morning Snapshot – 11 June 2021

Inventories are expected to pile up significantly throughout the long weekend holiday, however, sources are not concerned.

11 Jun 2021

11 June 2021: Auction sales result for Shenhua's coal-based PP and PE

The number of transactions on Shenhua auction platform remains moderate on the final trading day of the week, highlighting the still cautious stance among Chinese buyers.

10 Jun 2021 ABS Inj (Natural)

Taiwanese ABS plunged in Vietnam on weak demand

In the upstream market, butadiene has been firming up over the past weeks on the back of limited spot availability, however, market participants started to adopt a more cautious stance this week.