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News Insight & Analysis

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China Morning Snapshot – 23 May 2024
23 May 2024 While official homo-PP offers from local producers are stable from the previous session, traders are open to negotiation with serious buyers.
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23 May 2024

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

In a bold move, Shenhua decided to lift auction prices by CNY50/ton for homo-PP and CNY30/ton for LLDPE from the previous session against all the odds.
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22 May 2024

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Saudi producer set final PE prices for June shipment to Vietnam above offer levels in an unusual move

Sources believed that the controversial price decision in Vietnam derives from the ultra-bullish expectations following the strong responses in China.
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22 May 2024

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

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.
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22 May 2024

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China Morning Snapshot – 22 May 2024

Still, buyers have no urge to procure larger quantities while holding expectations that further price corrections are inevitable.
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22 May 2024

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

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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.
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21 May 2024

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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
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