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News Insight & Analysis

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China Morning Snapshot – 22 December 2023
22 Dec 2023 In an effort to entice purchasing interest, traders open to negotiation with serious customers, resulting in successful deals.
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22 Dec 2023

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22 December 2023 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform closed the week with a satisfactory number of transactions albeit a slight dip from the previous session, in line with the CNY10-50/ton hikes in auction volume.
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21 Dec 2023 PET Bottle

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Indonesian PET market tracks stable to softer trend despite import quota concerns

The Asian PET bottle supply conditions have been relatively comfortable thanks to a series of startups in China over the past years.
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21 Dec 2023

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China Morning Snapshot – 21 December 2023

In the domestic spot market, distributors shared insights into the ongoing rebound trend amid the persistently weak buying activities among converters.
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21 Dec 2023

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21 December 2023 - Shenhua's coal-based PP and PE Auction Results

The uptick in auction prices has led to some resistance from buyers; however, traders view this as a normal occurrence. Market participants remain cautious, but the average deal prices are gradually increasing week by week.
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20 Dec 2023

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Vietnamese homo-PP surged above the $1000/ton threshold in Indonesia

Several small deals have been reported, however, a large part of the market has started embracing the holiday mood while complaining about the relentless price hikes in recent weeks.
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20 Dec 2023

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China Morning Snapshot – 20 December 2023

Market observers note that while the shipping issues may not have an immediate direct impact on local prices, there is an anticipation of potential delays in the arrival of previously purchased cargo
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20 Dec 2023

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20 December 2023 - Shenhua's coal-based PP and PE Auction Results

Market sources said that even after the CNY50/ton hike in auction prices, the coal-based cargoes are still more attractive than regular parcels in the spot market.
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