24 Aug 2024
This decline is largely attributed to the strengthened Rupiah, which has appreciated by approximately 5% against the US dollar since July. Typically, a stronger Rupiah exerts downward pressure on commodity prices denominated in the local currency.
23 Aug 2024
23 Aug 2024
Chinese buyers, having largely fulfilled their purchasing needs earlier in the week, have now adopted a cautious approach. These buyers are refraining from further commitments while evaluating the near-term market outlook, reflecting broader uncertainties in the market.
22 Aug 2024 PET Bottle
The softening local market has overshadowed the depreciating US dollar, prompting Chinese PET bottle suppliers to trim export offers by $5-10/ton from the previous week. However, initial market responses have been tepid, with bids falling well below the listed prices.
22 Aug 2024
22 Aug 2024
21 Aug 2024
A major Taiwanese PVC producer has opted to postpone its September price announcement until next week, citing the Indian government’s pending decision on the enforcement of the Bureau of Indian Standards (BIS) mandate.
