25 Oct 2023
Market has been searching for support to halt the current downtrend and all eyes are on the government’s debate on the early issuance of government bond
24 Oct 2023 LL C4 Film
A key Saudi Arabia producer announced November PE shipment offers to Asia with reductions from the previous month – a development market participants well expected considering the renewed falling demand across the region.
24 Oct 2023 SPVC k58 SPVC k64-65 SPVC k67-68 SPVC k70 SPVC (A) k67-68
In the previous week, a key Taiwanese producer decided to slash November shipment offers to India by $100/ton to close deals at $770/ton CIF India. Responses were strong.
24 Oct 2023
Traders are willing to negotiate with serious buyers while accelerating export activities, especially for PP to ease inventory pressure.
Given the higher auction volume, Shenhua offered another round of discount of CNY20/ton on homo-PP and CNY80/ton on LLDPE compared to the previous session to smoothen the sales process.
23 Oct 2023
Trading sentiment is rather heavy at the start of the week. Buyers continued waiting on the sidelines citing the ongoing weakening trend in the international market.
An increasing number of market participants has expressed bearish expectations on the near-term outlook citing the soft demand regionalwide.
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