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China Morning Snapshot – 15 August 2024
15 Aug 2024 In the import market, the continued weakness of the US dollar is expected to persist in the near term, offering a cost advantage to importers. However, the prevailing sentiment remains cautious.
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15 Aug 2024

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

The persistent lackluster results from recent auctions have prompted Shenhua to intensify its efforts in the offline market. Industry sources indicate that the producer is now more amenable to negotiations in the spot market, aiming to expedite the movement of excess inventory.
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14 Aug 2024

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Malaysian producer cut September PE offers to Vietnam; buyers shied away from unappealing price levels

A leading Malaysian producer has reduced its September PE shipment offers to Vietnam, reflecting the downtrend observed across Asia. Despite these cuts, the offers failed to attract immediate buying interest, with buyers criticizing the lack of competitiveness.
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14 Aug 2024

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China Morning Snapshot – 14 August 2024

Buyers in the agricultural film sectors showed a greater willingness to purchase additional LLDPE and LDPE film cargoes. In contrast, PP customers are steadfastly waiting for further price reductions, highlighting a stark contrast in market behavior.
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14 Aug 2024

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14 August 2024 - Shenhua's coal-based PP and PE Auction Results

Despite the firmness of the Dalian Commodity Exchange, Chinese bidders opted to decelerate their buying activities following an active replenishment session the previous day.
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13 Aug 2024

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China Morning Snapshot – 13 August 2024

The import market, on the other hand, remained subdued with no new direct offers from international suppliers. The escalating geopolitical tensions in the Middle East and Eastern Europe have prompted sellers to adopt a cautious stance.
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13 Aug 2024

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

Chinese bidders showed heightened enthusiasm for the auction platform to secure additional coal-based PP and PE cargoes, driven by a robust rebound on the Dalian Commodity Exchange. This surge in interest led Shenhua to record a significant number of transactions during today’s auction session
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12 Aug 2024

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Key Indonesian producer holds firm on spot PP, PE offers amid mounting challenges

Despite increasing market challenges, a key Indonesian producer has kept spot PP and PE offers stable compared to the previous week. Market sources indicate that the impact of a strengthened Rupiah and weak demand has yet to influence the latest price list due to limited supply conditions.
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