23 Oct 2024
Despite the rebound in futures prices on the Dalian Commodity Exchange, local suppliers chose to maintain spot PP and PE prices steady day-on-day. This pricing strategy, designed to stabilize market conditions, seems to have encouraged some buyers to resume replenishment activities.
23 Oct 2024
22 Oct 2024
The region continues to grapple with comfortable supply and subdued demand, even during what is typically a stronger post-monsoon season in India. Initial optimism around the Chinese government’s initiatives to stimulate its faltering property sector has quickly dissipated
22 Oct 2024
While this move was widely anticipated, the reaction from the market has been tepid, as the ongoing depreciation of the Vietnamese Dong (VND) against the US dollar further complicates purchasing decisions.
22 Oct 2024 PPH Raf
Chinese suppliers sharply reduced export offers for homo-PP this week in response to persistently weak demand and an increasingly uncertain market outlook. The price cuts sparked some interest from international buyers, but higher shipping costs have deterred any immediate deals.
22 Oct 2024
The PET bottle market, which briefly surged earlier this month on expectations of government intervention, has since faced significant downward pressure as the underlying market fundamentals reassert themselves.
22 Oct 2024
