China Morning Snapshot – 28 November 2024

28 Nov 2024 Despite the absence of inventory pressure, local suppliers were compelled to offer CNY 50/ton discounts on both PP and PE cargoes in response to the weakness in futures markets.

28 Nov 2024

28 November 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua auction platform reflected mixed outcomes following a softening trend on the Dalian Commodity Exchange (DCE). Despite this, Chinese buyers showed robust interest in LLDPE, primarily fueled by a CNY140/ton ($19/ton) discount,

27 Nov 2024 PET Bottle

Indonesian PET bottle market sees early signs of demand improvement, comfortable supply capped potential upside

Despite persistent weakness in the import market, Indonesian buyers are increasingly turning to local suppliers for two primary reasons. First, while export PET bottle prices from Chinese suppliers have softened on FOB terms, elevated freight costs have substantially inflated CIF prices.

27 Nov 2024 PPH Raf

China's PP export market stabilizes amid overseas supply constraints

Export activity has surged, with overseas purchasers turning to Chinese cargoes following a series of production disruptions. Philippine and Thai converters have driven a substantial portion of this demand.

27 Nov 2024

China Morning Snapshot – 27 November 2024

Market participants appeared unfazed by the stable inventory figures, attributing the development to domestic producers withholding spot allocations after a significant inventory drawdown earlier in the week.

27 Nov 2024

27 November 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded another auction session with robust results, supported by significantly reduced supply and a resilient domestic spot market. Despite volatility in Dalian Commodity Exchange futures

26 Nov 2024 SPVC k67-68

Taiwanese major announced December PVC shipment on a mixed note to Asia

A major Taiwanese producer has announced its December PVC shipment offers to Asia on a mixed note, as the maker navigates increasingly divergent demand conditions across the region. Initial buyer responses have been lukewarm amid the challenging external environment

26 Nov 2024 HD Film LD Film LL C4 Film

Saudi producers trimmed December PE shipment offers to Vietnam as exchange issues, competition dragged

The price cuts are attributed to intensifying competition and ongoing exchange rate challenges. Despite these hurdles, Vietnamese buyers have actively engaged in negotiations, indicating underlying demand in the market.

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