Malaysian producer unexpectedly reduces LLDPE film offers despite tight supply

25 Mar 2025 The decision has sparked intense debate among market participants, with buyers voicing concerns over the near-term price trajectory and broader market stability.

25 Mar 2025

China Morning Snapshot – 25 March 2025

On the domestic spot market, Chinese producers raised homo-PP offers by CNY 50/ton for the second consecutive session, underpinned by firm futures performance and rapid inventory drawdowns.

24 Mar 2025

Saudi major hikes April PE offers to Southeast Asia amid lingering supply crunch

Indeed, the Vietnamese Dong weakened sharply against the US dollar at the start of the week, with Vietcombank reference rates reaching VND 25,810. A weaker currency inevitably raises import costs

24 Mar 2025 Propylene

Asian propylene slump drags into seventh week as Chinese demand falters

The combination of improving domestic availability and deteriorating demand has intensified concerns over a prolonged downtrend, with industry participants increasingly pessimistic about the near-term outlook.

23 Mar 2025 GPPS Inj HIPS Inj

Thai PS price hike faces resistance in Vietnam amid weak market conditions

In a move that defied market expectations, a major Thai producer raised its import PS offers to Vietnam by $60/ton compared to the previous week, despite ongoing demand weakness and increased competition from more competitively priced Chinese cargoes.

23 Mar 2025 PET Bottle

Supply disruptions lifted Chinese PET bottle market, but weak demand capped gains

Despite these supply constraints, both local and international buyers remained hesitant, scrutinising whether the current price rally could be sustained. The approaching Eid al-Fitr holiday in key Muslim markets is expected to dampen short-term purchasing activity,

23 Mar 2025

Malaysian PVC market slips on weak demand, but soaring freight costs could stall further drops

This broader bearish trend across Asia has been driven by subdued demand, though discussions in the market have intensified as Chinese suppliers face increasing difficulty in conceding further price reductions due to surging freight costs.

23 Mar 2025

Indonesia’s PP block copolymer prices slide further on easing supply concerns

Since peaking at an eight-month high in early March 2025, import offers have surrendered approximately 31% of their previous gains. A Vietnamese producer played a key role in accelerating the price correction

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