Daily Market Wrap – China – 18 April 2024

The near-term market outlook is not strong with the impending week-long ChinaPlas exhibition, followed by five days of Labour Day break. Supply pressure might increase in May, and yet, sellers eschewed the idea of lowering spot prices at the moment.

18 Apr 2024

Daily Market Wrap – China – 17 April 2024

Manufacturers reported a steep reduction of up to 25% in export orders despite an encouraging number of foreign buyers attending the Canton fair.

17 Apr 2024

Daily Market Wrap – China – 16 April 2024

Arbitrage traders vigilantly monitored the price gaps between the Dalian Commodity Exchange and spot market and would only consider replenishment if the difference was between CNY100 – 150/ton

16 Apr 2024

Daily Market Wrap – China – 15 April 2024

A survey conducted among PP and PE converters in the packaging sector found that many large-scale manufacturers have stable end-product orders,

15 Apr 2024

Daily Market Wrap – China – 12 April 2024

Chinese PE suppliers continued leveraging the tightening supply outlook as heavy maintenance shutdown season in May coupled with restraint import arrival in focus.

11 Apr 2024

Daily Market Wrap – China – 11 April 2024

Meanwhile, the export market is soft. Regardless of the rising local offers and the futures contracts, more Chinese producers are willing to soften their stance on export PP prices.

10 Apr 2024

Daily Market Wrap – China – 09 April 2024

Regardless of the sluggish demand conditions, market sources expected the current gradual firming trend to persist moving forward citing the reduced availability.

09 Apr 2024

Daily Market Wrap – China – 08 April 2024

In spite of the fact that local inventories had once again risen above the 800,000 tons threshold, local suppliers maintain a firm stance on spot PE cargoes, introducing some CNY50/ton hikes compared to Sunday, 7 April 2024.

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