Chinese PVC market resumed trading on a soft note, bloated inventory

19 Feb 2024 The Chinese PVC market resumed trading following the weeklong Lunar New Year holiday on a soft note, dragged by bloated local inventories and the falling key futures contracts on the Dalian Commodity Exchange.

19 Feb 2024

China Morning Snapshot – 19 February 2024

Manufacturing plants in China would only usually be able to ramp up operating rates after the Chap Goh Mei festival due to the absence of workers.

19 Feb 2024

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

Market participants remained vigilant about future movement of the market but also being practical and expect the market to take some time to warm up after returning from a long holiday, as is customary.

18 Feb 2024

China Morning Snapshot – 18 February 2024

Trading activities are weak, which is not surprising considering the fact that a large part of the market has not returned from the holiday.

18 Feb 2024

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

The concluded deals reached thus far were encouraging with more warehouses auctioning PP commodities today and in contrast to the days before the Lunar New Year holiday, the auction prices for homo-PP at present are actually stable

12 Feb 2024

Asian ethylene market hit multi-month highs amid supply tightness

As of 7 February 2024, spot ethylene traded in the Northeast Asia region stood at $940/ton – the highest since late March 2023. Trades were thin ahead of the weeklong Lunar New Year holiday in China.

11 Feb 2024

Chinese PE market enters the Lunar New Year holiday on a soft note

The pace of the reduction observed on each PE film grade might be varied, the downswing, nevertheless, poses challenges to the firming import market.

08 Feb 2024

Vietnamese producer keeps local PE offers stable ahead of the holiday; lifting export offers to Indonesia by $30/ton

Despite the firming offers from international suppliers on the back of strong upstream ethylene costs and rising freight rates, Vietnamese customers are indolent towards the new offers.

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