In China, the downtrend in the import PE market has remained intact for the third consecutive week although supply from overseas markets has been limited...
Initial import PP and PE offers emerged last week in Egypt, with a major Saudi supplier taking the lead in announcing a price hike for April. Several Middle Eastern suppliers followed in hiking offers for April while a competitive landscape appeared for PP, with an increasing number of offers for Asian materials...
Local homo-PP prices in Indonesia witnessed further drops last week since sentiment was unaffected by Polytama’s unexpected plant shutdown on March 29. Despite the supply disruption from one of the domestic plants, local prices remained on a soft note for the second consecutive week amid muted demand...
An increasing number of export PVC offers from China have found their way to Southeast Asia, India, Turkey, and Egypt recently. This was a reflection of the weak trend observed in China’s domestic markets over the past two weeks. Slow demand and falling Dalian futures weighed down on local prices in China, unlike the firm scene for imports...
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