28 Nov 2024
From Indonesian buyer’s perspective, procuring import cargoes at the current elevated price levels and exchange rates would result in severe production margins erosion. This hesitancy was further fuelled by reports of Malaysian producer resuming operations at its two PP lines
28 Nov 2024
The Southeast Asian PE market faced unexpected downward pressure this week, despite rising upstream ethylene costs and steady demand for LLDPE film in China. Contrary to expectations, several Middle Eastern producers lowered their December shipment offers to Indonesia, citing challenges from unfavourable currency exchange rates and sluggish demand.
21 Nov 2024
The Indonesian import homo-PP market displayed significant anomalies this week, as a combination of bearish factors—weak demand, the depreciation of the Rupiah, and falling propylene prices, which would typically drag prices lower, were outweighed by supply disruption fears.
21 Nov 2024
Regardless of the marketability of USA cargoes, their presence raised expectations among buyers that prices from other suppliers would fall. In fact, a Saudi Arabian producer led the December shipment offers, reducing HDPE film prices by $10/ton and LLDPE film prices by $20/ton
15 Nov 2024 SPVC k67-68 SPVC (A) k67-68
Market participants anticipated heightened challenges for the PVC sector, driven by slothful domestic demand recovery and rising international trade barriers, particularly in India. Adding to these difficulties are renewed shipping bottlenecks, which further weigh on an already lethargic market.
14 Nov 2024
The PP block copolymer market remained relatively subdued this week, a trend expected to continue in the near term as buyers have exhausted their annual import quotas and are in the middle of quota renewal. Both Indonesian importers and overseas suppliers are exercising caution, refraining from cargoes that are scheduled to arrive in January.
14 Nov 2024 HD Film LD Film LL C4 Film
