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News Insight & Analysis

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China Morning Snapshot – 06 February 2024
06 Feb 2024 As expected, trading sentiment in the domestic spot market has come to a near standstill as the Lunar New Year holiday is just a couple of days away.
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06 Feb 2024

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06 February 2024 - Shenhua's coal-based PP and PE Auction Results

Interestingly, customers showed steady interest in LLDPE cargoes with more than 70% deals achieved from the auction allocation.
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06 Feb 2024

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05 February 2024 - Shenhua's coal-based PP and PE Auction Results

The price cuts attracted some buying interest, however, the large of the market prefer not to purchase large quantity citing the uncertain post-holiday market outlook.
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05 Feb 2024

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Price List: Zhongjing further stepped back on export PP offers

In spite of the improved profit margins, Zhongjing has not ramped up operating rates at its plant, especially amid the uncertain demand outlook in the post-Lunar New Year holiday period.
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05 Feb 2024

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Local PE market rose sharply in Indonesia; PP market moderated gains

In a surprising development, a major local Indonesian producer lifted spot PE sharply on the first trading day of the week, taking turn from the peer grade – PP.
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05 Feb 2024

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China Morning Snapshot – 05 February 2024

The domestic spot market kickstarted the week with minimum trading activities amid the absence of buyers and the softening futures contract.
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04 Feb 2024 SPVC k67-68 SPVC (A) k67-68

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Chinese PVC market tracked a mixed trajectory amid weak demand, higher upstream costs

The ebbing spot transactions coupled with the dwindling futures contracts on the Dalian Commodity Exchange pressure local suppliers to step back on their price lists.
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03 Feb 2024

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Indonesian PET market resumed the firming trend on upstream concerns

Apparently, the import quota regulation also encompasses Monoethylene glycol (MEG) under the HS code 290531. Data from TradeMap showed Indonesia imported nearly
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