09 Apr 2024
The market had initially anticipated a more robust price outlook upon returning from the holiday, given the uptrend of crude prices during that time.
08 Apr 2024
In spite of the continued rising local LDPE film prices, Chinese customers are not confident enough to scour the import market for cargo.
The company is reportedly considering a potential price adjustment as current market response is rather bleak as market players have just got back from the Tomb Sweeping holiday.
Several traders expressed the intention to introduce a minor increase of CNY50/ton if responses from buyers are better toward the second half of the trading day.
The concluded volume for both homo-PP and LLDPE is lesser today compared to Sunday, indicating a cautious stance among buyers toward the firmer price level.
04 Apr 2024
According to market sources, buyers are more willing to proceed with replenishment after obtaining discounts on growing expectations that the local market might have limited space to reduce substantially in the near term.
Within Southeast Asia, the Indonesian LDPE film market has climbed to the highest level since late August 2022 on the back of supply tightness and the weakening Rupiah against the US dollar.
Don't have an account? Subscribe now