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Indonesian producer reduces PP and PE offers in response to strengthening Rupiah
13 May 2024 The price reduction comes as a relief to domestic PP and PE participants, who have been vocal about the challenges posed by stagnant end-product demand at the previous price levels.
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13 May 2024

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Chinese homo-PP market is in strange water; overseas materials rapidly lose attractiveness

Buyers expect more Chinese homo-PP cargoes to emerge in Southeast Asia in days ahead as sellers of this origin attempt to compensate for reduce sales to dee-sea destinations
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13 May 2024

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China Morning Snapshot – 13 May 2024

Local distributors have conveyed to CommoPlast that customers were generally hesitant to accept higher prices. Nevertheless, those open to negotiations have managed to secure deals.
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13 May 2024

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13 May 2024 - Shenhua's coal-based PP and PE Auction Results

Buyers primarily procured based on necessity and exercised caution due to the softened crude benchmarks. The market is expected to stay stagnant as it heads into the traditional slow season starting in June.
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10 May 2024

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China Morning Snapshot – 10 May 2024

The minor reduction in spot PP and PE offers were very much expected. Still, customers shied from proceeding with larger buys immediately.
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10 May 2024

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China Morning Snapshot – 09 May 2024

Although the combined PP and PE inventory belonging to Sinopec and CNPC are still above the psychological threshold of 800,000 tons, producers are in no rush to make any downward adjustments
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10 May 2024

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10 May 2024 - Shenhua's coal-based PP and PE Auction Results

Traders noted increased caution among buyers as the weekend approached, particularly considering perceived price declines. Many were uncertain whether prices would go into corrections in the following week.
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09 May 2024

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09 May 2024 - Shenhua's coal-based PP and PE Auction Results

Trading on the Shenhua Auction Platform remained consistent with yesterday's session, yielding satisfactory outcomes. Homo-PP and PPBC experienced an uptick in auctioned volume, while LLDPE saw a slight dip in performance.
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