Indonesian PET bottle market extended the weakening trend despite firmer imports

04 Oct 2024 Meanwhile, Chinese PET bottle suppliers raised both domestic and export offers earlier this week in response to a more optimistic market outlook. This came after the Chinese government pledged to support the property sector and overall economic growth.

03 Oct 2024

Statistics: Chinese PE market saw positive growth in August despite challenging market conditions

The weaker demand can be attributed to several headwinds, including slowing global economic growth, rising trade tensions between China and Western countries, and sporadic disruptions in the shipping sector.

02 Oct 2024

Saudi Aramco raised October LPG prices to Asia, marking the third straight month of gains

Saudi oil and gas powerhouse Saudi Aramco has raised official selling prices for liquefied petroleum gas (LPG) to Asia for October loading. This move, widely expected, reflects stronger demand in anticipation of the upcoming winter season.

02 Oct 2024 SPVC k67-68 SPVC (A) k67-68

Chinese PVC market rebounded from multi-year lows on stimulus rally; buyers remained cautious

China’s PVC market witnessed a sharp rebound on the final trading day of September, driven by renewed market confidence following the government’s intensified efforts to revive the struggling property sector and stimulate broader economic growth.

01 Oct 2024

China Morning Snapshot – 30 September 2024

Despite sharp increases in futures contracts on the Dalian Commodity Exchange, local suppliers have adopted a notably restrained approach in adjusting spot PP and PE offers.

01 Oct 2024

30 September 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded its final auction of the month on a high note, with all available grades achieving full sales. The outcome reflects a bullish market sentiment, driven largely by a series of government stimulus measures that have spurred futures trading on the Dalian Commodity Exchange and prompted last-minute pre-holiday replenishment.

30 Sep 2024

Chinese polyolefin market gains momentum ahead of National Day holiday

Chinese suppliers are growingly optimistic about post-holiday market outlook, anticipating further economic stimulus from the government during the final quarter of the year.

27 Sep 2024

Local PP, PE markets in Malaysia continued to decline as the Ringgit appreciated

Since early July, the Ringgit has appreciated by approximately 12% against the US dollar. A stronger local currency typically pressures the price of commodities traded in that currency.

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