Posts Tagged ‘vietnamese’

Higher costs, firmer regional trends push PE prices higher in SE Asia

Players in Southeast Asia report that PE prices moved higher over the past week in accordance with stronger regional trends and higher upstream costs, as per ChemOrbis.

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Polymer demand in China, Vietnam hit by slower economic growth

Players in both China and Vietnam report that polymer demand in their respective countries has been slowed by weakness in the construction sector and slower than expected economic growth rates, as per Chemorbis. Both traders and converters complained that their sales have dropped significantly when compared with the same period in the past year as a result of the disappointingly sluggish economic environment. According to local media reports, investment in ChinaÂ’s property market is slowing down while sales of new houses are declining as reduced economic growth and government efforts to constrain inflation in the countryÂ’s property sector have reined in construction activity

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PE buyers in SE Asia expect to see softer prices in May

In Southeast Asia, PE players had mixed views in H1-April regarding the outlook for May. Material had been tight for some of the PE products in several of the countries, with some of the local producers working hard to clear backlogs, as per ChemOrbis.

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Players? in SE Asia?s local PE market hold divergent expectations

The past week saw local PE prices stable to firmer in Southeast Asia, amid firm ethylene costs and limited availability, as per ChemOrbis. Expectations are divided as to the outlook for May, as some players predict additional price increases driven by supply concerns while others are skeptical of the feasibility of any further price hikes, as spot naphtha prices continue to dip, while demand in the nearby Chinese market remains disappointing

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