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News Insight & Analysis

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Taiwanese PVC producer surprisingly dropped May offers to Asia by $30/ton
16 Apr 2024 Weak demand has been weighing on the market for weeks, however, the rapid depreciation of the Asian currencies against the US dollar further erode market confidence.
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16 Apr 2024

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Saudi Arabia producer announced May PE offers to Vietnam; HDPE film loses steam

The price decision highlighted the weakening trend in the Vietnamese HDPE market in recent weeks.
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16 Apr 2024

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Indonesian PP, PE market returns from the week-long holiday facing multiple challenges

The Indonesian PP and PE market partially returned from the weeklong Ramadan holiday facing a slew of uncertainties, from the escalated tension in the Middle East to the currency exchange chaos.
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16 Apr 2024

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China Morning Snapshot – 16 April 2024

In response to the rebounded futures contracts on the Dalian Commodity Exchange, local sellers promptly initiated a CNY50/ton increase on spot PP and PE offers
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16 Apr 2024

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

The recent biddings on the Shenhua Auction Platform have demonstrated mixed performance, with LLDPE achieving a 100% dealt rate whereas homo-PP and PPBC attained less transactions compared to Monday with roughly 70% deals only.
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15 Apr 2024

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Price List: Zhongjing rollover export PP offers amid uncertain market outlook

Zhongjing Petrochemical reportedly opened fresh export PP offers on the first trading day of the week at unchanged levels from the previous week despite the growing Middle Eastern concerns.
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15 Apr 2024

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Chinese players: Calm market to assess the heightened Iran-Israel conflict

As the situation unfolds, the market vigilantly monitors the two key concerns: potential disruptions to direct supply from Iran and heightened security at the vital Strait of Hormuz.
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15 Apr 2024

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Chinese PE market continues to climb, hitting multi-month highs on tighter supply-demand dynamic

Sources expected the current firming trend to persist in the coming month citing the heavy maintenance season among local plants.
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