Chemical Updates

Asian PS: Prices hold steady amid upstream volatility / PS prices remain flat amid volatility / Buyers delay purchases on demand weakness

Aug 03, 2026

GPPS CFR China at $1,280/metric ton July 29, flat week over week, reflecting stable indications heard in the market. Producers noted that trades were few during the week, while offer levels were steady week over week amid upstream volatility. “There are currently no quotes available. We were originally planning to increase our offers this week since crude rose sharply, but oil prices have plummeted again over the weekend,” a Northeast Asia-based trade source said. “Customers are hesitating to buy now, as they are afraid prices will drop quickly,” a Southeast Asia-based trade source said. Meanwhile, buyers told that demand for resin was not urgent now. “We buy only when we must buy, and we allocated some [procurement] around the beginning of July when crude was much lower,” a China-based buyer...

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