Two key Chinese producers lowered export PP offers on softening local market

10 Feb 2022 Southeast Asian buyers said that the emergence of competitive Chinese cargoes would limit the upside of the market as other international suppliers eyeing above $1450/ton mark levels.

10 Feb 2022 SPVC k67-68

Indonesian producer slashed February PVC offers

Transactions are satisfactory, given the belief that the market might be nearing the bottom considering the uptick in demand in India.

10 Feb 2022

Indonesian producer opens third price list in a week

Sources said that trading activities are stagnant. Buyers can no longer afford the new prices and prefer to source the competitive cargoes in the import ground if needed.

10 Feb 2022

China Morning Snapshot – 10 February 2022

Chinese customers are more willing to make small replenishment today believing that the market might have limited room for large decreases

09 Feb 2022

[FREE] 9 February 2022 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment retreated further by mid of the week as bidders prefer to monitor further development on the Shenhua Auction Platform before making decisions.

09 Feb 2022 PET Bottle

Southeast Asian PET hit multi-year highs amid thin demand

Data from CommoPlast suggests that the average import PET bottle prices based on CIF Southeast Asia terms is currently at the highest level since early October 2018 and potentially hold firm in the near term despite the building resistance from buyers.

09 Feb 2022 PPH Raf

Cost-push, tightening supply outlook drive Vietnamese PP market higher amid thin demand

Apparently, direct offers from South Korean and Thailand producers are rising rapidly leaving the opportunity window wide open not only for Chinese suppliers but also traders, who hold lower-cost stocks.

09 Feb 2022

China Morning Snapshot – 09 February 2022

Transactions are soft and with the additional price reductions, Chinese PP suppliers are looking at export opportunities to other markets within the Asia region.

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