19 Jan 2021
Most of these crackers are fully integrated with downstream units, leaving very limited excess quantity to the spot market, hence, maintaining the market balance.
18 Jan 2021
A major Saudi Arabia producer has expressed a bearish expectation on the demand outlook in Vietnam while raising sell ideas for both PP and PE at lower levels.
Despite the large price cuts, Indonesian buyers are not responding very positively toward the new prices, especially on PP cargoes
Despite the drastic price cuts, buyers prefer to source only a small quantity while waiting for other suppliers to announce new offers.
A major local producer in Indonesia reportedly slashes spot PP offers on the first trading day of the week as a result of the persistently weak demand condition.
The uptrend might subside toward the end of the month, source said, considering the fact that many manufacturers would gradually wind down operating rates.
Demand in Vietnam is especially weak because most customers have replenished comfortable stock ahead of the Lunar New Year holiday.
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