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...
After pulling in different directions, import PS pricing in Asia seems to have begun catching up with the rise in ABS offers. This week, early PS offers to the market showed signs of firming, with sellers wagering that buyers will start restocking ahead of the fast-approaching Lunar New Year. Another factor that influenced the sentiment was the steady rise in Asian spot styrene costs...
December PP prices are emerging with rollovers to slight hikes in Europe after propylene contracts settled up €5/ton from November. Earlier, players had been projecting a mostly softer trend for the month, assuming that demand would not be strong...
As the new year approaches, freight rates has become a talking point among polymer players in Asia with ships having to reduce the sulfur level in gasoline starting from 2020, which will add to transport costs...
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