PE Holds Firm Over PP in SE Asia Amid Supply Constraints

In Southeast Asia, imported PE continues to maintain its strength over PP, supported by supply shortages and seasonal factors. Meanwhile, an influx of low-cost Chinese-origin PP cargoes is keeping PP prices under pressure, despite production cuts in the Middle East.

🔹 LDPE & LLDPE Lead Gains – Tight supply and strong demand push prices higher.
🔹 HDPE Recovers – Regains its premium over PP but remains vulnerable due to weak demand.
🔹 PP Faces Pressure – Ample Chinese-origin supply keeps prices low, particularly in Vietnam.
🔹 Cautious Buying – Overall demand remains sluggish as buyers wait for price adjustments.

While PE is holding firm, market sentiment remains cautious, with traders expecting continued pricing pressure in the near term.