03 Jan 2025
Market participants remain watchful of pre-Lunar New Year replenishment activities, which traditionally signal a seasonal demand uptick. However, expectations of new supply entering the market are likely to suppress any significant restocking momentum.
02 Jan 2025 Butane Propane
For the first time since August 2024, Saudi Aramco, the world’s largest oil and gas producer, has reduced liquefied petroleum gas (LPG) prices for Asian markets, signalling a response to weakening demand. In addition, the petrochemical sector continues to face declining demand due to sluggish activity in downstream industries. Market sources highlight that the startup of new refining capacities in China
02 Jan 2025 LD Film
The Chinese LDPE film market has continued its downward trajectory, with spot offers dipping below the CNY 10,000/ton mark for the first time since August 2024. This marks the fifth consecutive week of gradual yet consistent price declines
02 Jan 2025 PPH Inj PPH Raf
While repeated indications from the incoming US administration to impose hefty duties on Chinese goods may directly impact finished products, market participants are also closely monitoring regulatory changes in key importing countries of Chinese PP, namely Brazil, India, and Indonesia.
02 Jan 2025
Despite weaker performance in the futures market, domestic spot LLDPE film offers remained firm, buoyed by limited spot supply. However, this confidence was insufficient to prompt significant procurements, as lingering uncertainties clouded the outlook for January.
02 Jan 2025
In a positive development, auction allocations have significantly increased, a change that market sources view as a welcome relief. This improved allocation is expected to provide some easing of the current tightness in spot cargoes, though challenges remain.
31 Dec 2024
The challenge facing regional suppliers, who aim to attract buying interest in this market, is to overcome the aggressive localised Malaysian cargoes. These parcels, often offered through forward-selling, tend to disrupt the market with highly competitive pricing.
