10 Dec 2024
10 Dec 2024
Trading activity on the Shenhua Auction Platform saw a significant surge in response to the government’s announcement of more proactive stimulus measures aimed at bolstering domestic consumption. Improved market confidence, combined with limited auction volumes, offset the impact of a modest CNY 20-30/ton price increase.
09 Dec 2024
09 Dec 2024
A key Indonesian producer has announced weekly PP and PE offers to the domestic spot market, and surprisingly, the suppliers maintained LLDPE offers largely unchanged despite the recent 50% cut in contract allocations for December.
09 Dec 2024
Weak macroeconomic data has led to heightened calls for additional policy stimulus in December. However, Chinese buyers, drawing from past experiences, are cautious about speculating on potential support measures ahead of the upcoming Central Economic Work Conference.
09 Dec 2024
06 Dec 2024
From a supply perspective, availability across Southeast Asia remains constrained due to ongoing production disruptions at key regional facilities. Meanwhile, in China, major domestic producers Sinopec and CNPC successfully reduced their combined stockpile to 610,000 tons as of December 6
