Asian PP: China gains as COVID restrictions are lifted- South Asia prices fall- Southeast
AsiaIt will likely be stable until the middle
of December, when the market will come under supply pressure. It will likely remain
stable until December's middle of December, when the market will be under
pressure. Price indicators in Southeast Asia were mixed after offer prices
fell below $900-920/mt an week earlier. Participants were unable to agree on buying ideas or
whether they had moved higher. Market
sources indicated that sentiment was slightly higher due to a stronger Chinese
market. Others said that sentiment was softened by high converter inventories
and plant shutdowns in South Asia. "A
lot of sellers want to find regions to put their cargoes, but
[Southeast Asia] has not been the right place at the moment." In
South Asia offers from the Middle East were low,...