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News Insight & Analysis

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China Morning Snapshot – 12 October 2023
12 Oct 2023 Local distributors anticipate continued high inventory pressure this week as converters show little interest in discounted prices ...
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12 Oct 2023

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12 October 2023 – Shenhua's coal-based PP and PE Auction Results

Lack confidence on trader side and uncertainty in the market trend with continuous price drop on behind of weak crude prices.
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11 Oct 2023

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China Morning Snapshot – 11 October 2023

The PP and LLDPE contracts on the Dalian Commodity Exchange trend rebounded, albeit weakly, this morning. Market participants are aware that the current market sentiment is still weak ...
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11 Oct 2023

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11 October 2023 – Shenhua's coal-based PP and PE Auction Results

Slight rebound on auction prices today – market participants are still hesitant to stock up.
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10 Oct 2023

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Local producer cuts October PVC offers in Indonesia after a brief delay.

Similar to other petrochemical sectors in Indonesia, buying interest is sapped by the weak economic growth and the rapid depreciation of the Rupiah against the US dollar.
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10 Oct 2023

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China Morning Snapshot – 10 October 2023

Opinions are that without substantial support, namely persistently rising crude oil prices or more economic stimulus from the government, the domestic PP and PE offers might decline further.
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10 Oct 2023

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10 October 2023 - Shenhua's coal-based PP and PE Auction Results

Market participants become more reluctant to proceed with new purchases on renewed concerns over the macroeconomic outlook.
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09 Oct 2023

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Price List: Zhongjing resumes cutting export PP offers following the holiday.

As China returns from the weeklong National Day holiday, Zhongjing Petrochemical continues to cut export PP offers given the persistently weak overseas demand and the nosedived crude oil market recently.
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