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News Insight & Analysis

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China Morning Snapshot – 18 March 2024
18 Mar 2024 The domestic spot market continues to be driven by concerns over the heavy maintenance shutdown schedules among local and regional PP plants.
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18 Mar 2024

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18 March 2024 - Shenhua's coal-based PP and PE Auction Results

Players also attributed the success rate for homo-PP today were due to being CNY30/ton lower than last Friday while LLDPE were at CNY50/ton higher, which explains the apparent resistance from buyers.
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17 Mar 2024

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Southeast Asian PET bottle market tracks stable to firmer trend amid lethargic demand

Throughout the week, Chinese suppliers attempted to stimulate purchasing interest among overseas customers by constantly adjusting their export offers
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15 Mar 2024

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Supply concerns pushed Chinese homo-PP market higher as local plants enters maintenance season

In the past four weeks, the Chinese homo-PP market constantly tracking the firming trend despite heavy Lunar New Year inventory accumulation and mediocre demand conditions at home and overseas.
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15 Mar 2024

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Price List: China’s Zhongjing rollover export PP offers amid the absence of pressure

Key Chinese PP producer – Zhongjing Petrochemical has opened weekly export PP offers at unchanged levels compared to the previous week in spite of the lingering demand weakness across the Asia region.
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15 Mar 2024

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China Morning Snapshot – 15 March 2024

Players are puzzled over the abrupt bull run, particularly when the PBOC decided to withdraw 94 billion Yuan from the banking system. Investors interpret the decision as a necessary preparation for interest rate cuts to avoid excessive liquidity.
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15 Mar 2024

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15 March 2024 - Shenhua's coal-based PP and PE Auction Results

A totally unexpected curve ball happened on the Shenhua Auction Platform with all three commodities: homo-PP, PPBC and LLDPE achieving 100% deals. The deal prices today were also higher in comparison to Thursday’s session
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14 Mar 2024

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China Morning Snapshot – 14 March 2024

While the overall trading sentiment in the domestic spot market remained mediocre throughout the morning session, there have been reports of better buying interest among customers for PP compared to PE.
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