19 Dec 2024
Market sentiment in Indonesia has been subdued, with most buyers having completed their replenishment activities ahead of the holiday season. Despite this, the sudden price hikes have raised concerns among market participants. Industry sources suggest that further depreciation of the Rupiah could compel buyers to re-enter the market.
19 Dec 2024
19 Dec 2024
The Shenhua auction platform concluded on a satisfactory note, though its overall performance was constrained by a persistent weakening trend, particularly in the homo-PP futures market. Market sentiment has been notably dampened by the anticipated commissioning of several new plants
18 Dec 2024 PET Bottle
Market activity has been buoyed by robust trading in the prior week as large-scale buyers moved swiftly to secure February shipments at prevailing low prices. Anticipation of gradually warmer weather following the Lunar New Year holiday had fuelled expectations
18 Dec 2024
18 Dec 2024 Propylene
The Asian propylene market has rebounded from 15-month lows, buoyed by a sustained three-week rally as regional supply tightened, particularly in South Korea. However, sluggish buyer sentiment continues to weigh on the market, potentially capping any significant upward momentum in the near term.
18 Dec 2024
Despite Shenhua's ultimately positive trading performance, the homo-PP market weakened, with transaction volumes moderating visibly from the previous session. This decline was predominantly driven by bearish sentiment reflected in futures contracts
