05 May 2021
Demand in Malaysia is weakening as the Ramadan holiday is drawing near and buyers prefer to hold off purchases with expectations of further reduction ahead.
04 May 2021
Buyers are patiently waiting for other sellers to adjust prices to similar levels, considering the lack of purchasing activities regionwide.
Even after three price cuts from the initial offers, Vietnamese buyers do not appear eager to make replenishment on the concerns of the near-term outlook.
The initial response from the market is not strong, partially due to the holiday mood ahead of the fast-approaching Ramadan holiday.
Local suppliers have been cutting spot PP and PE prices since the beginning of the week to encourage demand, yet buyers would purchase no larger quantities than to cover the immediate needs.
03 May 2021
Meanwhile, there have been reports that spot offers in the distribution market are more competitive at the moment, further distracting buyers from the producer’s price list.
30 Apr 2021
Saudi Aramco has reportedly announced May shipment prices for propane to Asia with additional reductions from the previous month.
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