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News Insight & Analysis

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China Morning Snapshot – 25 June 2024
25 Jun 2024 Despite this significant reduction in inventories and the stable performance of futures contracts, key local producers have opted to keep spot PP and PE offers unchanged from the previous day.
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25 Jun 2024

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25 June 2024 - Shenhua's coal-based PP and PE Auction Results

The auction session concluded with a near-perfect score despite an increase in volume, underscoring the presence of demand when prices align with market expectations.
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24 Jun 2024

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Price List: Zhongjing Petrochemical maintains export PP offers amid limited sales pressure

Overseas buyers have expressed dissatisfaction with the unchanged prices. Market sources had anticipated price reductions due to the depreciation of the Yuan against the US dollar, which typically provides exporters with more flexibility in pricing.
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24 Jun 2024

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Major Saudi maker opened July PE shipment offers to Vietnam at stable to softer levels

Vietnamese buyers were informed that allocations for July have been halved due to ongoing feedstock shortages affecting operations. Bookings are being accepted on a first-come, first-served basis.
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24 Jun 2024

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Domestic producer continued to lift local PP and PE offers in Indonesia

The latest weekly offers reflect additional price hikes compared to the previous week, driven by favourable currency exchange rates and a resilient international market.
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24 Jun 2024

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China Morning Snapshot – 24 June 2024

As anticipated, the domestic spot market weakened by CNY 50/ton compared to the previous session, influenced by the declining futures market.
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24 Jun 2024

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24 June 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform remained dwindling at the start of the week and despite the substantial drop in auction volume for homo-PP, the coal-based producer failed to deplete all the available quantities.
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21 Jun 2024

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China Morning Snapshot – 21 June 2024

Market observers note that buyers are monitoring price movements closely and prefer to assess market trends before making further commitments.
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