Local PP, PE offers in Indonesia steadied amid dwindling demand conditions

06 May 2024 Indonesian customers have been slowing down purchases since the start of May claiming comfortable on-hand stocks while focusing on transferring the costs to finished goods selling prices.

06 May 2024 SPVC k67-68

Indonesian PVC market fell $20/ton month-on-month as weak demand persists

Apparently, the demand condition has not shown any major improvement at the time of this report. The market has been treading lightly between the General Election in February followed by a series of holidays.

06 May 2024

China Morning Snapshot – 06 May 2024

Arbitrage sellers took advantage of the drop in PP and LLDPE futures by offering better deals to spot buyers and closing deals accordingly.

06 May 2024

06 May 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded the first auction session following the Labour Day break on a rather disappointing note, especially for homo-PP. The weakening futures contracts coupled with the falling energy complex weighed heavily on the trading sentiment.

03 May 2024

Saudi Aramco slashed May propane prices to Asia to 8-month lows

This is the second month of reduction in a row, sending the latest prices to the lowest levels since September 2023.

03 May 2024

China’s PP exports hit historically high in March; trend to persist

China is set to welcome eleven (11) new PP plants in 2024 with a combined annual capacity of 5.3 million tons. Some of these plants might decide to postpone the startup schedules would the production economy remains poor.

30 Apr 2024

Malaysian maker announced May PP offers to Indonesia unchanged; HDPE nosedived

As reported earlier, the local HDPE film market in Indonesia is now struggling with soft demand and higher availability compared to other grades.

30 Apr 2024

China Morning Snapshot – 30 April 2024

Meanwhile, Chinese PE buyers are expecting firmer offers from overseas suppliers in the coming week following reports of higher local offers in North American market.

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