A Saudi Arabian major revealed its September offers with notable drops that ranged from $50/ton to $120/ton in global PE markets. The producer’s latest pricing was mainly stirred by mediocre demand across Asian and Mediterranean destinations along with the ongoing US-China trade dispute...
The downturn has gained speed in China’s import PP market since August with homo PP prices hitting more-than-two-year low recently. Having broken below the $1000/ton threshold last week, more homo PP offers have shown up this week at $980-990/ton CIF for regular origins, remaining indifferent to higher futures prices in the local market so far...
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