Explaining: Surging shipping costs and the challenges facing Chinese petchem suppliers

22 May 2024 Amid the persistently sluggish demand in the nearby Southeast Asian market, Chinese sellers decided to direct their cargoes to farther destinations, including South America and Africa, but sales fell drastically in May.

22 May 2024

China Morning Snapshot – 22 May 2024

Still, buyers have no urge to procure larger quantities while holding expectations that further price corrections are inevitable.

22 May 2024

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

The Shenhua Auction Platform concluded today’s session on a softer note compared to the previous day, albeit transactions remained relatively satisfactory considering the continued falling futures market.

21 May 2024 SPVC k67-68 SPVC (A) k67-68

Chinese PVC market hit six-month highs on bullish local demand expectations

The improved trading sentiment comes after the Chinese government announced a broad rescue package to support the slumping property market in the country, which also sent spot PVC offers skyrocketing to the highest levels since November 2023.

21 May 2024

China Morning Snapshot – 21 May 2024

Additionally, the decline was influenced by economists who viewed China’s $42 billion property stimulus as insufficient and remain uncertain about its effectiveness in boosting the economy

21 May 2024

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

While the auction prices for both homo-PP and LLDPE were up by CNY50/ton, there was a noticeable discrepancy in the auction results between both grades.

20 May 2024

Price List: China’s Zhongjing lifted export PP offers by $15/ton on stronger local market

The rally is driven by optimism over the economic recovery progress after the Chinese government introduced a $42 billion stimulus package to support the country’s falling property sector.

20 May 2024 HD Film LD Film LL C4 Film

Middle Eastern PE unvaryingly increased in China; buyers showed acceptance

Middle Eastern suppliers uniformly lifted import PE offers to China over the past week claiming supply tightness while shrugging off the falling upstream ethylene costs.

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