Yuan strengthens further against USD; how will China’s petchem exports be affected?
The Chinese yuan has begun to strengthen against the dollar over the last month as the greenback has weakened due to growing expectations of potential interest rate cuts in the US. Particularly since early August, the appreciating yuan has been cutting into the profits of Chinese companies seeking growth from exports... 15-08-2024
Asian PVC players expect September price cuts from a Taiwanese major
PVC prices in Asia are expected to continue their downtrend in the coming weeks, with most players predicting that a major Taiwanese producer will reduce prices for its September import allocations to regional markets... 14-08-2024
PP prices fall to year-to-date lows in Vietnam
A bearish wind has continued to blow across Vietnam’s PP markets, with prices having tracked a stable-to-lower trend since June, mainly due to poor supply-demand fundamentals. In the meantime, most players have shown a lack of confidence in the short-term markets, indicating a likelihood of an extended downtrend... 13-08-2024
Stats: S. Korea’s H1 PE exports reach all-time high; surging sales to Vietnam shine
According to data from ChemOrbis Stats Wizard, South Korea’s total PE exports in the first half of 2024 climbed 11% from a year earlier, reaching an all-time high of 1.67 million tons. Among the top partners of South Korean PE, China maintained its position as the top buyer, while surging sales to Vietnam came to the forefront... 12-08-2024
