|
|
Morning Briefing - 17 Apr. 2025As key international suppliers prepare to announce May PVC shipment offers in the coming week, discussions across Asian markets have turned to demand prospects and potential pricing trends. |
|
CommoPlast
Morning Briefing
17 April 2025
Brent: $65.85 (á $1.18)
WTI: $62.47 (á $1.14)
Naphtha CFR Japan: â $10
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: Stable
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
____________________________________________________________________
Asian PVC market weighs May outlook amid rising global uncertainty
As key international suppliers prepare to announce May PVC shipment offers in the coming week, discussions across Asian markets have turned to demand prospects and potential pricing trends. Market sentiment has been shaped by mounting global trade tensions and a cautious macroeconomic outlook.
While a softer pricing trend is broadly anticipated, the scale of any reductions remains uncertain. Market opinions are split; however, most sources agree that significant price cuts are unlikely due to persistent cost pressures faced by ethylene-based PVC producers.
Nevertheless, the growing uncertainty surrounding global trade policies has raised concerns that the current downtrend could extend further into the coming months, adding to the cautious tone among market participants.
___________________________________________________________________ _
China’s ExxonMobil Huizhou laid out commercial production plans
Despite persistent challenges in the Asian petrochemical landscape over the past year, China continues to ramp up domestic output, with ExxonMobil Huizhou Chemical Co Ltd—the wholly owned subsidiary of ExxonMobil Corporation—becoming the latest to unveil commercial production timelines for its newly built mega complex.
In addition to the LLDPE units, which entered trial production earlier this year, ExxonMobil has made notable strides by bringing its PP plant online more than a year ahead of schedule. As the company sets out its roadmap for full commercial operations, both domestic and international market players are keeping a close watch on cargo availability and the potential impact on market dynamics.
____________________________________________________________________
Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast
Country
China
About CommoPlast Asia Sdn Bd
Your empowering market insight site
