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News Insight & Analysis

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China Morning Snapshot – 30 January 2024
30 Jan 2024 As anticipated, trading sentiment continues to weaken as more and more converters in the PP and PE sectors will be out of the office in celebration of the upcoming Lunar New Year holiday.
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29 Jan 2024

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Price List: Zhongjing Petrochemical stable PP export offer approaching Lunar New Year

More buyers have gone off on holidays and making preparations to usher into the Lunar New Year, resulting in a less active market.
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29 Jan 2024

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Indonesian producer keeps local PP, PE offers firm amid weakening Rupiah

In the span of two weeks, the Rupiah depreciated 1.9% to 15,756 to a dollar on 29 January 2024. A weaker local currency elevated commodity traded in that currency. However, buyers are not entirely fixated on the currency fluctuations.
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29 Jan 2024

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China Morning Snapshot – 29 January 2024

As reported earlier, more converters in the PP and PE sectors are scheduled to take off for the Lunar New Year holiday this week, therefore, trading sentiment might continue to weaken in the coming days.
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29 Jan 2024

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29 January 2024 - Shenhua's coal-based PP and PE Auction Results

As more buyers started to take off for the Lunar New Year holiday, Shenhua escalated the effort to deplete more on-hand inventory ahead of the month-end closing.
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26 Jan 2024

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Russia’s Novatek might take weeks to restart operations; temporary disruption in naphtha supply

Data from CommoPlast showed spot naphtha traded based on CFR Japan terms gained about 4.5% within January alone as the Red Sea crisis curtailed shipments from Europe.
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26 Jan 2024

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Chinese PVC market cautiously optimistic; spot market inches higher as holidays draw near

While the local demand is not up to expectation, Chinese sellers gain advantage in the export market by maintaining ethylene-based PVC offers stable
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26 Jan 2024

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China Morning Snapshot – 26 January 2024

Speculations are rife among buyers, with expectations of more discounts as a greater number of market participants take leave for the impending holiday season.
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