Apr 19, 2024 10:11 a.m.
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News Insight & Analysis

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China Morning Snapshot – 18 April 2024
18 Apr 2024 The market exhibited an apathetic buying appetite in the morning, with local distributors striving to offload more cargoes through negotiation ahead of the upcoming Labour Day.
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18 Apr 2024

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18 April 2024 - Shenhua's coal-based PP and PE Auction Results

The auctioned LLDPE achieved a 100% rate thanks to the limited volume, while homo-PP saw a slight decrease compared to the previous day, attributed to a CNY10/ton higher dealt price.
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17 Apr 2024 PET Bottle

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Chinese PET bottle market regains ground on stronger upstream costs; upside capped by new startups

Many Chinese PET bottle converters have already stocked up comfortably for the near-term production needs and even though finished goods demand remained stable, buyers tend to negotiate aggressively
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17 Apr 2024

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China Morning Snapshot – 17 April 2024

Trading activities remained mediocre and buyers refused to proceed with purchases unless discounts were provided, which was frustrating to local traders.
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17 Apr 2024

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17 April 2024 - Shenhua's coal-based PP and PE Auction Results

Consequently, those in need of replenishing cargoes showed a preference for sourcing from the auction due to the comparatively more attractive pricing than the spot market.
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16 Apr 2024

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Taiwanese PVC producer surprisingly dropped May offers to Asia by $30/ton

Weak demand has been weighing on the market for weeks, however, the rapid depreciation of the Asian currencies against the US dollar further erode market confidence.
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16 Apr 2024

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Saudi Arabia producer announced May PE offers to Vietnam; HDPE film loses steam

The price decision highlighted the weakening trend in the Vietnamese HDPE market in recent weeks.
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16 Apr 2024

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Indonesian PP, PE market returns from the week-long holiday facing multiple challenges

The Indonesian PP and PE market partially returned from the weeklong Ramadan holiday facing a slew of uncertainties, from the escalated tension in the Middle East to the currency exchange chaos.
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