This structural inversion, driven by a collapsing deep-sea import floor and highly divergent localised fundamentals, is starkly visible within domestic spot offers where prompt LLDPE film has dropped beneath the HDPE baseline.
A wave of competitively priced cargoes from Vietnam, Thailand, and soon Malaysia converges on the Indonesian market, forcing buyers into a defensive crouch just as crude markets face their own directional uncertainty tied to the Iran sanctions outlook.
North American PE has arrived in Asia months ahead of schedule, and the scale of the push is unmistakable. At least four international trading houses circulated US and Canadian-origin HDPE and LLDPE offers this week
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,647 -255 | 7,206 -216 | 4,616 -38 |
| Close (USD/ton) | 1,001 -38 | 943 -32 | 604 -6 |
| Volume | 524,585 -15848 | 415,152 +4905 | 1,256,297 -5609 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,104 +94 | 5,868 +88 | 4,209 -38 |
| Close (USD/ton) | 1,061 +14 | 768 +13 | 551 -6 |
| Volume | 189,534 +3379 | 1,043,761 +23616 | 292,807 +363 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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