China Morning Snapshot – 20 June 2024

20 Jun 2024 Expectedly, spot PP and PE offers on the local market gained CNY50/ton to reflect the stronger futures market and the absence of any major sales pressure.

20 Jun 2024

20 June 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform continued to achieve satisfactory sales results for key grades homo-PP and LLDPE, thanks to the strong futures contracts on the Dalian Commodity Exchange.

19 Jun 2024 BOPP PPH Raf

Unplanned shutdowns countered weak demand, suspended the downtrend in the Chinese PP market

Still, any attempt to implement meaningful price increases has proven challenging due to the persistently weak demand conditions.

19 Jun 2024

China Morning Snapshot – 19 June 2024

Buyers are not in the mood to procure inventories longer than needed unless the demand for finished goods miraculously recovers.

19 Jun 2024

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

A confluence of factors supported the strong auction results this morning, including the rebounded futures contracts on the Dalian Commodity Exchange, strong domestic spot market, and limited import offers.

18 Jun 2024

Taiwanese major announced July PVC shipment offers to Asia

A major Taiwanese producer has opened a fresh price list for the month in increases, which is well expected. However, the drastic price hike differential between the markets caught buyers by surprise.