Trading sentiment on the Shenhua auction platform reflected mixed outcomes following a softening trend on the Dalian Commodity Exchange (DCE). Despite this, Chinese buyers showed robust interest in LLDPE, primarily fueled by a CNY140/ton ($19/ton) discount,
Despite persistent weakness in the import market, Indonesian buyers are increasingly turning to local suppliers for two primary reasons. First, while export PET bottle prices from Chinese suppliers have softened on FOB terms, elevated freight costs have substantially inflated CIF prices.
A major Taiwanese producer has announced its December PVC shipment offers to Asia on a mixed note, as the maker navigates increasingly divergent demand conditions across the region. Initial buyer responses have been lukewarm amid the challenging external environment
The price cuts are attributed to intensifying competition and ongoing exchange rate challenges. Despite these hurdles, Vietnamese buyers have actively engaged in negotiations, indicating underlying demand in the market.