Indonesian maker opens June PVC offers to local market with moderate cuts

05 Jun 2023 Several distributors confirmed better inquiries from converters in the roofing sector, however, the $20/ton reductions seem to disappoint many buyers, who were hoping to larger cuts before making replenishment.

05 Jun 2023

China Morning Snapshot – 05 June 2023

In spite of the government’s announcement to introduce targeted stimulus to support the property and manufacturing sectors, the weak external demand keeps the market prospect in check.

05 Jun 2023

05 June 2023 - Shenhua's coal-based PP and PE Auction Results

The lack of confidence in the outlook explains the moderate percentage of deals even though the available auction quantities are much smaller than usual.

01 Jun 2023 PET Bottle

Weak demand, volatile upstream costs continue to weigh on the Indonesian PET market

In the meantime, several bottled beverage converters told CommoPlast that businesses during the summer season usually surge 20% from the normal time, however, new orders have been sluggish this year.

31 May 2023

China Morning Snapshot – 31 May 2023

The dramatic reductions on Dalian Commodity Exchange obviously drag the trading sentiment in the domestic spot market down. Spot PP and PE offers fell CNY50-100/ton day-on-day

31 May 2023

31 May 2023 - Shenhua's coal-based PP and PE Auction Results

Despite the substantially reduced auction volume on the final trading day of May, Shenhua failed to achieve satisfactory number of transactions.

30 May 2023

Saudi Aramco announces June propane prices with lofty discounts

Industry participants attributed the persistently weak demand condition from the downstream petrochemical market to the larger-than-expected reduction.

30 May 2023

Import homo-PP to China breached below $850/ton; buying interest remains timid

The aggressive pricing decisions, instead of stimulating purchasing activities, push many buyers, who initially planned to make larger purchases at $850/ton CFR China to the sidelines for fears that the downtrend might persist.

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