Operating through its local entity, PT STL Chemical Indonesia, the Shenzhen-listed producer has established project command operations within the Manyar industrial corridor, adjacent to the Java Integrated Industrial and Ports Estate (JIIPE).
Global crude oil futures settled roughly 1% higher on Monday, paring sharp intraday gains of nearly 5% as mounting supply disruptions across Saudi Arabian export corridors and regional chokepoints clashed with diplomatic signals from Washington.
Southeast Asian homo-PP yarn offers to Indonesia pushed past $1,400/ton at the close of last week, a threshold offers had not touched since May, when the US-Iran conflict drove them to $1,430/ton.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,876 -72 | 8,540 -94 | 4,847 -156 |
| Close (USD/ton) | 1,169 -11 | 1,125 -14 | 638 -23 |
| Volume | 648,054 +973 | 434,474 -13506 | 1,150,934 -24665 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 9,518 +112 | 6,460 +64 | 5,139 +42 |
| Close (USD/ton) | 1,253 +17 | 851 +9 | 677 +6 |
| Volume | 165,113 +2946 | 1,169,315 -8224 | 204,268 +9023 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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