04 Feb 2025
Market participants note that Indonesian manufacturers in the PP and PE sectors continue to struggle with weak downstream demand despite the government’s decision to scrap its initial plan to raise the value-added tax (VAT) to 12%.
31 Jan 2025
Saudi Aramco has increased its February liquefied petroleum gas (LPG) prices for Asian markets, reversing the reductions implemented in the previous month. The price adjustment was driven by robust demand, exacerbated by severe weather conditions
31 Jan 2025
Several major trading houses are contemplating upward price adjustments in response to the tightening domestic supply, yet the extent of market acceptance remains unclear, particularly given the current demand environment.
31 Jan 2025
The Indian homo-PP market experienced a notable shift over the past week, with tighter supply conditions fuelling increased buying activity. Planned maintenance shutdowns at both domestic and international production facilities have constrained availability, prompting buyers to engage in short-covering.
31 Jan 2025 Propylene
Data showed that at least four new PDH units in China are scheduled to commence operations in the first half of 2025. Speculation persists that these startups may face delays due to unfavourable market conditions. However, the recent trend of new PP and PE plants coming online as scheduled—or even ahead of plan
27 Jan 2025
A prominent Malaysian petrochemical producer has announced significant price reductions for February PP shipments to Indonesia while continuing to withhold all HDPE offerings. This marks the second consecutive month without HDPE availability
27 Jan 2025
As the majority of market players paused business activities, attention among the remaining participants shifted to the post-Lunar New Year outlook. Although spot offers held steady, most buyers opted to delay procurements in anticipation of possible post-holiday adjustments.
