05 Nov 2024
Among the affected currencies, the Malaysian Ringgit saw the steepest decline, falling by 6.3% against the dollar in October. In response, a prominent Malaysian producer raised November PP and PE offers
05 Nov 2024
05 Nov 2024
The introduction of a CNY50/ton discount provided a temporary boost in buying interest for homo-PP. Meanwhile, demand for LLDPE held steady, driven mainly by constrained supply and seasonal demand from the agricultural film sector in northern China.
04 Nov 2024
Despite these adjustments, the Indonesian market has largely remained unresponsive to the latest offers. Buyers appear to have completed their restocking activities and are now adopting a wait-and-see approach, which underscores a lack of urgency in the market.
04 Nov 2024 BOPP PPH Inj PPH Raf
The decision to lower export prices comes as a surprise, especially given that these producers had previously asserted that there was no real inventory pressure. Compounding this situation is the recent appreciation of the Yuan, which strengthened to 7.09 against the US dollar on November 4
04 Nov 2024
04 Nov 2024
Market sentiment on the Shenhua Auction Platform has been adversely affected by declining futures contracts on the Dalian Commodity Exchange, coupled with softer spot prices that diminish the attractiveness of auctioned parcels.
