26 Sep 2023
In China, trading sentiment on the domestic ground has been dwindling over the past several days stemming from the falling futures market and the impending Mid-Autumn and National Day holidays.
Investors adopt a more cautious stance approaching the long holiday with the property market facing a fresh wave of challenges.
Besides, the producer might be attempting to deplete more stocks before the holidays, especially with the still high inventories the company carries at this time of month.
25 Sep 2023
China’s Zhongjing Petrochemical once again steps back on export PP offers as trading sentiment slumps at home ahead of the long holiday while key contracts on Dalian Commodity Exchange extended the weakening trend.
Indonesian buyers reported having received PP and PE offers for October loading from a major Malaysian producer with additional increases on PP and HDPE cargoes compared to the previous month
Indonesian manufacturers in the packaging sector started witnessing a sharp drop in new orders stemming from the stuttering macroeconomic conditions.
Indonesia's domestic PP and PE market remain on the firming track following the latest price announcement from a key domestic producer, driven by the lack of ready-stock cargoes and the strong upstream costs.
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