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News Insight & Analysis

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18 April 2024 - Shenhua's coal-based PP and PE Auction Results
18 Apr 2024 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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16 Apr 2024

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China Morning Snapshot – 16 April 2024

In response to the rebounded futures contracts on the Dalian Commodity Exchange, local sellers promptly initiated a CNY50/ton increase on spot PP and PE offers
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