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News Insight & Analysis

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Strong upstream costs, improved demand elevate Chinese PET bottle market
03 Apr 2024 The Chinese PET bottle market gains support to firm up this week as converters surprisingly return to action just before the long weekend holiday. Sources reported uptick in transactions
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03 Apr 2024

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China Morning Snapshot – 03 April 2024

The lack of pre-holiday replenishment activities, though posing concerns for many traders, is not as bearish to others.
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03 Apr 2024

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03 April 2024 - Shenhua's coal-based PP and PE Auction Results

Concluded homo-PP and LLDPE deals on the Shenhua Auction Platform were better today with deals over 98% for each grade in comparison to yesterday’s session.
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02 Apr 2024 SPVC k67-68

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Indonesian producer rollovers April PVC offers to local market ahead of holiday

April is a short trading month in Indonesia. Many converters started to take off for the Ramadan holiday as early as 3 April 2024 amid the sluggish finished goods market, resulting in reduced needs for restocking. The market is officially off until 15 April 2024.
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02 Apr 2024

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China Morning Snapshot – 02 April 2024

The rapidly reducing inventory pressure coupled with the resilient futures market support local suppliers to lift spot PP and PE offers further.
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02 Apr 2024

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Asian market participants discuss May PVC market outlook, anticipating minor increases

The bullish expectation is not unfounded. Players are taking into account a series of potential factors that could support the continued firming trend that emerged this week.
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02 Apr 2024

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02 April 2024 - Shenhua's coal-based PP and PE Auction Results

It was noted that most activity came from local traders sourcing hand-to-mouth inventories and the preferred material was homo-PP as it was CNY100-150/ton ($14-21/ton) lower than the local cargoes.
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01 Apr 2024

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Saudi Aramco cuts April propane prices for the first time in eight months

For the first time since August 2023, Saudi oil and gas giant – Saudi Aramco cuts contract propane and butane prices to Asia for April loading on the backdrop of a lingering supply tightness
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