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News Insight & Analysis

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China Morning Snapshot – 05 July 2024
05 Jul 2024 Reflecting the subdued trading environment, local inventory levels remained unchanged. Sinopec and CNPC reported that their combined PP and PE stocks were steady
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05 Jul 2024

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05 July 2024 - Shenhua's coal-based PP and PE Auction Results

Local traders, keen to deplete their existing inventories, offered more negotiation flexibility on spot cargoes, further diminishing interest in the auction of coal-based materials.
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04 Jul 2024

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Saudi Aramco kept July LPG prices steady in Asia

Saudi Aramco has maintained its July liquefied petroleum gas (LPG) prices in Asia at the same levels as in June, despite a 6% monthly increase in crude oil prices.
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04 Jul 2024

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China Morning Snapshot – 04 July 2024

In the PE sector, buyers have adopted a cautious approach, awaiting the arrival of previously purchased parcels expected to reach the market by the end of the month.
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04 Jul 2024

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04 July 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua Auction Platform concluded today’s session with a marginal decline in the auction volume for homo-PP grade, which was attributed to the weakened futures trading.
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03 Jul 2024

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Strong emergence of South Korean PP and PE in China sparks concerns over near-term outlook

While some industry insiders have noted easing booking fees from China’s main ports to several routes, South Korean sellers have not experienced the same relief.
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03 Jul 2024 PPH Inj PPH Raf

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Chinese suppliers lifted export PP offers as the local market rose to multi-month highs

The market is in mid of the seasonal lull, prompting a number of small-scale manufacturers to temporarily halt production to manage rising finished goods inventories.
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03 Jul 2024

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China Morning Snapshot – 03 July 2024

Many small-scale converters in both the PP and PE sectors have reduced operating rates to manage accumulating finished goods inventory
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