Southeast Asia’s PE Markets Show Mixed Trends 🏭📊
Southeast Asia’s PE markets showed divergent trends in the week ending March 7, 2025, as rising monomer costs clashed with weaker crude oil prices and sluggish demand.
🔹 Key Market Updates:
✅ Philippines & Thailand: Prices declined due to weak demand—HDPE film fell $35/ton, LLDPE dropped $17/ton, while LDPE and HDPE in Thailand declined $30/ton.
✅ Indonesia & Malaysia: Prices remained firm or increased, with Indonesia’s HDPE film up $10/ton, and Malaysia’s LDPE & HDPE rising up to $18/ton.
✅ Vietnam: Stable prices despite weak demand, as buyers remained cautious about large stockpiles.
💡 Market Outlook:
Tight Middle East supply and plant shutdowns are keeping availability in check, but low demand and crude oil declines continue to pressure prices.
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