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News Insight & Analysis

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Asian ethylene market remained on a stable to firmer track amid pent-up demand
13 Nov 2024 The Northeast Asian ethylene market has trended upward for six consecutive weeks, driven primarily by reduced operating rates among naphtha crackers in South Korea and Japan and a slight uptick in Chinese demand.
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13 Nov 2024

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

The Shenhua Auction Platform concluded today’s session on a strong note, buoyed by a substantial rebound in the futures market on the Dalian Commodity Exchange (DCE).
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12 Nov 2024

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Malaysian LDPE offers to Vietnam remain steady for third consecutive month amid weakening demand

Market sentiment for LDPE has softened notably over recent weeks, largely due to new plant startups in China that have capped a previous price rally fueled by supply concerns.
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12 Nov 2024

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Chinese PP export offers fall sharply amid strong dollar, weak demand

Amid a strong US dollar and dwindling confidence in the demand outlook, Chinese PP exporters have intensified price cuts mid-week in a bid to stimulate overseas sales. Current offers for homo-PP yarn now dip as low as
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12 Nov 2024

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China Morning Snapshot – 12 November 2024

While domestic demand in the spot PP market remains stable, largely due to ongoing need-based purchasing, there is notable resistance to recent price hikes in the LLDPE segment.
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12 Nov 2024

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

Trading sentiment on the Shenhua Auction Platform saw a meaningful recovery on the second day of the week, partly driven by the rebounded futures contracts on the Dalian Commodity Exchange. Besides, the coal-based producer also trimmed auction prices
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11 Nov 2024

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Indonesian major lifted local PP and PE offers as currency exchange issue arises

A dominant Indonesian producer has reportedly raised spot PP and PE offers to the local market at the start of the week, despite sluggish demand conditions amid renewed currency exchange pressures.
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11 Nov 2024 PET Bottle

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Chinese PET bottle export breached below the $800/ton threshold, marking 2024’s new lows

The Asian PET bottle market has witnessed a consistent decline in buyer interest over recent weeks, following a surge in restocking activities during September and October. Industry participants suggest that this prolonged downturn has inflated inventory levels in China
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