29 Nov 2024
Despite the current stagnation, pockets of optimism persist for LLDPE, particularly as pre-Lunar New Year stockpiling in December could lend support. However, the winding down of the agricultural film season and cautious buying behavior pose challenges.
28 Nov 2024
Middle Eastern producers have surprised the market by offering significant discounts of $30-40/ton on HDPE and LLDPE film cargoes to Vietnam, a move that has shifted expectations among buyers. Recent transactions for Saudi-origin cargoes have been concluded within the range of
28 Nov 2024
The PE market continues to see robust activity, with LLDPE film standing out as the preferred grade in both local and import markets. Buyers have shown strong acceptance of deep-sea LLDPE film cargoes, particularly from the Middle East and the United States.
27 Nov 2024
The Southeast Asian PE market remained largely stable on the second trading day of the week as negotiations for December shipment were underway. Nevertheless, buyers proactively monitor demand dynamics in the Chinese market, a key regional driver, to calibrate their bidding strategies.
27 Nov 2024
26 Nov 2024
Market participants remain cautious as they weigh the contrasting external factors. On one hand, regional supply constraints could provide support to prices. On the other, the persistent depreciation of local currencies continues to dampen purchasing power, leaving Southeast Asian buyers skeptical about any imminent price surges.
26 Nov 2024
Meanwhile, a Saudi Arabian producer conceded to a $10–20/ton reduction in LLDPE film offers compared to the previous levels. Despite a recent rally in local prices, no immediate deals were reported, as buying ideas continued to hover around the $950/ton mark.
