13 Jan 2025
Despite the firming futures market, sentiment in the domestic spot market remained mixed, with LLDPE film extending a downward correction. Spot LLDPE film offers fell by another CNY 50-100/ton, weighed by new supply from Shandong Yulong Petrochemical’s new million-ton-per-annum swing facilities entered the market.
13 Jan 2025
Shenhua concluded the first trading session of the week on a mixed note, as contrasting factors shaped market sentiment across segments. A strong performance in futures contracts on the Dalian Commodity Exchange lent support to the homo-PP market.
10 Jan 2025 SPVC k67-68 SPVC (A) k67-68
Southern China saw particularly robust trading activity as buyers engaged in pre-Lunar New Year stock replenishments, taking advantage of current attractive price levels. Several trading houses reported satisfactory transaction volumes
10 Jan 2025 PET Bottle
The startup of several domestic production plants has significantly increased supply, while demand remains subdued, failing to meet market expectations. Despite a moderate rise in key futures contracts on the Zhengzhou Commodity Exchange, buyers have adopted a cautious stance amid a murky short-term market outlook.
10 Jan 2025
Despite the stabilization in futures, market participants remained cautious, refraining from making new purchases as they assessed the near-term outlook. Market attention is now focused on Inner Mongolia Baofeng III’s second 500,000 tons/year HDPE/LLDPE swing line
10 Jan 2025
09 Jan 2025
Several Middle Eastern producers have revised their PE price offers for February shipments to China, marking reductions compared to previous price lists. This shift was largely anticipated in light of mounting market pressures.
