02 Apr 2021
Players reported mediocre movement in the local market as players embrace the holiday mood. Officially, the China market is off from 3 – 5 April 2021 for Tomb Sweeping, and the market would resume on 6 April.
01 Apr 2021
The local PVC market in Indonesia has been relatively competitive compared to the import ground over the past several months, leaving international suppliers very limited room to penetrate this market.
While homo-PP registered a satisfactory number of transactions, Chinese bidders do not appear highly interested in the LLDPE cargoes, even though prices are lower than the previous day.
Apparently, buyers become more willing to make new purchases after additional price cuts from local producers.
31 Mar 2021
Saudi Aramco has reportedly announced April 2021 propane contract prices to Asia with steep reductions, halting the nine straight months of hiking.
Due to the month-end closing, the supplier allocated a very small quantity for auction.
May 2021 delivery contracts for both PP and LLDPE traded sluggishly throughout the morning session, indicating the lack of risk appetite among traders.
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