24 Jul 2023
Despite the muted trading sentiment, local producers decided to maintain a firm stance on spot PP and PE cargoes to reflect the low inventory pressure.
In Vietnam, bids emerge at between $30-50/ton below the initial price list. The producer is scheduled to announce the final prices on Tuesday, 25 July.
Trading activity on the Shenhua auction platform descended at the start of the week despite auction prices for homo-PP being CNY20/ton lower while LLDPE was significantly reduced by CNY100/ton
22 Jul 2023
A key Saudi Arabia producer has reportedly opened August shipment offers for PP and PE to Asia largely with increases from July, taking advantage of the upward momentum in this region while supply is tight due to the recent production disruption.
22 Jul 2023 LD Film
Chinese buyers have been more active in making purchases over the past week on a brighter market outlook as the Chinese government starts to implement a more proactive approach in boosting the local economy
21 Jul 2023
The menial reduction in the inventory is a reflection of the muted trading activities as buyers have largely completed their purchases.
A trader added that deals for LLDPE were exemplary due to prices being more competitive than the local spot cargoes as well as the limited auction volume for the grade.
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