01 Apr 2021
While homo-PP registered a satisfactory number of transactions, Chinese bidders do not appear highly interested in the LLDPE cargoes, even though prices are lower than the previous day.
Apparently, buyers become more willing to make new purchases after additional price cuts from local producers.
31 Mar 2021
Saudi Aramco has reportedly announced April 2021 propane contract prices to Asia with steep reductions, halting the nine straight months of hiking.
Due to the month-end closing, the supplier allocated a very small quantity for auction.
May 2021 delivery contracts for both PP and LLDPE traded sluggishly throughout the morning session, indicating the lack of risk appetite among traders.
In spite of the reduction, buyers find it difficult to accept the latest homo-PP prices given the fact that duty-advantage Chinese cargoes are available at below the $1400/ton threshold.
30 Mar 2021
Local traders in Indonesia immediately responded to the shutdown at Polytama the previous day by implementing some increases on spot PP prices.
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