Local PP, PE market in Malaysia rebounded on exchange rates and firmer overseas markets

01 Nov 2024 The Malaysian PP and PE market has experienced a notable rebound, with a leading domestic producer announcing significant price increases for November deliveries. These hikes are largely attributed to the depreciation of the Ringgit

01 Nov 2024 SPVC k67-68

Indonesian major rolled over PVC prices to local market amid dwindling demand

In a notable display of market resilience, a leading Indonesian PVC producer has opted to keep its November pricing unchanged despite ongoing economic challenges, including currency fluctuations and diminishing local demand.

01 Nov 2024

China Morning Snapshot – 01 November 2024

The rebounded futures contracts on the Dalian Commodity Exchange, coupled with the absence of inventory pressure, bolstered trading sentiment in the local market, although most deals are limited to need-based purchases.

01 Nov 2024

31 October 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform saw a slight improvement today, supported by a rebound in futures contracts on the Dalian Commodity Exchange. Additionally, a three-fold drop in auction volumes, attributed to routine month-end closures, helped reduce sales pressure for the coal-based producer.

31 Oct 2024 PET Bottle

Chinese PET bottle market faces prolonged downturn amid weak energy, seasonal lull

In the upstream market, key PX and PTA contracts on the Zhengzhou Commodity Exchange have fallen by approximately 12.6% and 11.6% since the Golden Week holiday, further exacerbating the bearish sentiment in the downstream PET sector.

31 Oct 2024

China Morning Snapshot – 31 October 2024

While this day-on-day accumulation is unusual during a trading session, market sources attribute it to routine month-end adjustments. Observers noted that inventory levels, while elevated, remain manageable.

30 Oct 2024

Indonesian major maintained local PP, PE offers steady for the fourth consecutive week

In Indonesia, PP and PE trading activity remains sluggish. After recent replenishment efforts, buyers are now adopting a wait-and-see approach, closely observing both domestic and international political and economic developments to better anticipate potential price shifts towards year-end.

30 Oct 2024

Chinese PP exports extended the weakening trend amid cautious buyer sentiment

However, the downward adjustments remained minor. The steady need-based purchases at home coupled with reduced plant utilization rates helped to keep any excessive inventory pressure in check at the moment.

« Previous … 131 132 133 134 135 136 137 138 139 … Next »

Daily Polyolefins Market

Weekly Overview

Opinion

News Insight & Analysis