25 May 2023
Responses from the market are mediocre. An increasing number of Vietnamese buyers expect the downtrend to persist in the coming weeks with buying ideas emerging at $950/ton for LLDPE film
With the futures market showing signs of recovery from ten consecutive sessions of sluggish trading, Chinese buyers are more confident in off taking some PP and PE cargoes
24 May 2023
With LLDPE film being traded elsewhere at three digits, the lack of buying interest in Malaysia is very much understandable.
Thanks to the stronger Dalian Commodity Exchange, Chinese suppliers managed to maintain spot offers unchanged day-on-day. However, transactions are mediocre.
Sources said that players responded well to the coal-based cargoes because the producer maintains prices largely unchanged from the previous session amid the rising futures market.
23 May 2023
Following a brief delay, a key Taiwanese producer announces June PVC shipment offers to Asia with a $20/ton reduction from May despite the recent shutdown that impacted spot availability.
Efforts to maintain prices stable from the previous session proved to be void as Zhongjing Petrochemical resumes the downward trend on export PP offers to remain relevant in a market that is heavily affected by global macroeconomic strains.
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