In the meantime, the major Saudi producer announced its July PE offers to its local market also with rollovers from June as was mostly expected by market players
The list includes a long list of consumer goods, such as petrochemical, agricultural and medical products, clothing, steel, and aluminum.
In Thailand, PTT Global Chemical (PTTGC) was down 0.30%
Both buyers and sellers are focusing on post-holiday period, when suppliers expect sentiment to be firmer and demand to be improved
It did not disclose details about capital expenditure (capex) nor the production capacities
The local homo-PP market has maintained its softening trend so far this week in the face of weak demand amid the low season. Despite a daily increase, PP futures on the Dalian Commodity Exchange fell by CNY152/ton ($24/ton) on the week as of May 29, also weighing on local sentiment
Iran was the largest exporter of PS, excluding EPS, to Turkey in December 2017, surpassing Belgium, which was the largest exporter of PS, excluding EPS, to Turkey in both October and November
In Asia, petrochemical sources who actively conduct business with Iran were not so optimistic