31 Mar 2021
May 2021 delivery contracts for both PP and LLDPE traded sluggishly throughout the morning session, indicating the lack of risk appetite among traders.
In spite of the reduction, buyers find it difficult to accept the latest homo-PP prices given the fact that duty-advantage Chinese cargoes are available at below the $1400/ton threshold.
30 Mar 2021
Local traders in Indonesia immediately responded to the shutdown at Polytama the previous day by implementing some increases on spot PP prices.
Demand in Vietnam has been soft throughout the month of March as manufacturers are unable to increase end-product prices.
Transactions on the Shenhua auction platform improved significantly on the second trading day of the week, even though prices edge slightly higher
It is important to note that buyers are very selective and would only proceed with new purchases at the lower end of the overall price range.
29 Mar 2021
Malaysian market previously enjoyed comfortable availability of USA materials at local hubs, however, the absence of these cargoes for a prolonged period deprives buyers in this market of other choices but to seek local cargoes.
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