In Asia, spot ethylene and propylene markets have defied the firming energy markets in the wake of OPEC and its allies’ decision to deepen oil production cuts so far. Prices for both monomers continued to edge down amid worries for supply overhang and poor derivative demand...
American PE has started to give signals of stabilization in global markets following sharp declines throughout the last quarter of 2019. Now, sellers appear reluctant to provide additional discounts after easing their stock pressure to some extent for December...
Homo-PP prices in China have lost further ground as the first half of December draws to a close. The market has remained under the influence of several bearish factors including ample supplies, thin demand, lower futures and the prevailing pressure from upcoming capacities...
In Indonesia, both local and import polyolefin markets have remained on the soft side recently considering concerns over mounting supply and persistently bearish demand. These factors are also anticipated to keep the market under downward pressure during the final weeks of the year...
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