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News Insight & Analysis

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China Morning Snapshot – 19 January 2021
19 Jan 2021 Buyers are a bit shy over the fresh price increases but would still purchase the needed quantities after discounts.
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19 Jan 2021

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Asian ethylene market embraces new wave of supply

Most of these crackers are fully integrated with downstream units, leaving very limited excess quantity to the spot market, hence, maintaining the market balance.
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18 Jan 2021

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Saudi producer planned February PP, PE offers to Vietnam with reductions

A major Saudi Arabia producer has expressed a bearish expectation on the demand outlook in Vietnam while raising sell ideas for both PP and PE at lower levels.
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18 Jan 2021

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Malaysian makers slashes February PP, PE offers to Indonesia

Despite the large price cuts, Indonesian buyers are not responding very positively toward the new prices, especially on PP cargoes
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18 Jan 2021

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Malaysian LDPE film registered a large drop in Vietnam

Despite the drastic price cuts, buyers prefer to source only a small quantity while waiting for other suppliers to announce new offers.
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18 Jan 2021

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Local PP market in Indonesia continues to slide, PE holds steady

A major local producer in Indonesia reportedly slashes spot PP offers on the first trading day of the week as a result of the persistently weak demand condition.
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18 Jan 2021

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Local China market turns active as buyers make pre-holiday replenishment

The uptrend might subside toward the end of the month, source said, considering the fact that many manufacturers would gradually wind down operating rates.
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18 Jan 2021

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Chinese producer lifted homo-PP offers to SEA as local market rebounded

Demand in Vietnam is especially weak because most customers have replenished comfortable stock ahead of the Lunar New Year holiday.
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