China: Local PP and PE markets remained downbeat; low inventory fails to lift post-Labour Day outlook

29 Apr 2025 Despite proactive inventory management by key state-owned producers Sinopec and CNPC, market participants continued to express pessimism over the near-term outlook.

29 Apr 2025

China Morning Snapshot – 29 April 2025

This uptick in inventory levels, combined with soft futures performance, prompted local suppliers to offer marginal discounts of CNY 50/ton on both PP and PE cargoes

28 Apr 2025

Malaysian producer cut local PP, PE prices, cautious responses from buyers

The move comes despite persistent supply tightness, following ongoing production disruptions within the country.

28 Apr 2025

Indonesian PP, PE markets extend losses as local producer moves to defend market share

The Indonesian PP and PE markets continued their downward trajectory, marking a fourth consecutive week of declines, as a major local producer implemented aggressive price reductions.

27 Apr 2025 Ethane

Tariff fallout hits ethane flows, Chinese crackers scramble for fix

China imported 5.5 million tonnes of ethane in 2023, according to the latest data from the Customs Department. The entirety of that volume came from the United States.

26 Apr 2025 HD Film

Saudi HDPE film dips below $900/ton in Vietnam as caution grips the market

Nevertheless, buyers remained wary, concerned that the persistent influx of US-origin material could exert additional downward pressure on Middle Eastern cargoes.

26 Apr 2025

Malaysian buyers eye lower May PP, PE offers despite local output snags

Sluggish end-product demand in the post-Ramadan period, combined with uncertainties surrounding the escalating trade war, has fuelled a cautious buying stance.

26 Apr 2025 SPVC k67-68 SPVC (A) k67-68

Inventory drop failed to halt the Chinese PVC market's decline

The absence of clear policy signals from the government regarding stimulus measures to boost domestic consumption and support the struggling property sector further dampened buyer confidence.

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