Key Indonesian producer slashed local PP, PE offers on currency exchange

19 Aug 2024 Over the past week, the Rupiah appreciated by about 5% against the US dollar, driven by expectations of the Federal Reserve lowering key interest rates in September. A stronger local currency typically leads to a drop in commodity prices traded in that currency.

19 Aug 2024

China Morning Snapshot – 19 August 2024

Meanwhile, several BOPP film and sheet converters reported mediocre end-product demand despite it being the traditionally high-demand season.

19 Aug 2024

19 August 2024 - Shenhua's coal-based PP and PE Auction Results

After a week of sluggish trading, the Shenhua Auction Platform commenced the new week with robust activity, buoyed by a rebound in futures contracts on the Dalian Commodity Exchange. Despite the improved trading sentiment, the coal-based producer strategically reduced auction prices

17 Aug 2024

Saudi producer set to slash September PE offers to Southeast Asia amid market pressure

A source close to the producer informed CommoPlast that the ongoing weakness in major Asian markets, including China and India, is exerting substantial pressure on the Southeast Asian market.

17 Aug 2024 LD Film LD Inj LD Lamination

Malaysian LDPE plummeted in Vietnam as weak demand, intense competition bit

Despite limited availability due to reduced operating rates, weak demand and fierce competition from other sources triggered these drastic price cuts. Numerous LDPE film cargoes from other origins have been trading below the $1200/ton mark for several weeks.

17 Aug 2024 PET Bottle

Local PET market in China continues downtrend; exchange rates stabilize export offers

The Chinese PET bottle market sustained its downward trajectory, driven by subdued demand and a weak upstream market. While negotiations are ongoing, actual transactions remain sparse due to strong expectations of further price reductions in the coming week.

17 Aug 2024 SPVC k67-68 SPVC (A) k67-68

Chinese PVC market galloped lower, increased inquiries from Indian customers offered support to local front

It is reported that the demand from the PVC flooring, cables, films, and profiles sectors showed a slight improvement compared to last month, while the pipe segment continued to struggle. The persistent home price slump in July exacerbated pressures on the sector that is heavily reliant on the property market.

16 Aug 2024

China Morning Snapshot – 16 August 2024

Despite the declining futures contracts on the Dalian Commodity Exchange, trading sentiment in the domestic spot market remained resilient on the final trading day of the week.

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