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News Insight & Analysis

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Weak demand, exchange rate issues forced Korean producer to lower homo-PP offers to Vietnam.
30 Aug 2023 Vietnamese customers believed that purchasing import homo-PP at the $950/ton mark or slightly lower would minimize the exposure to price risks citing the strong upstream costs that would prevent any major downfall.
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30 Aug 2023

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China Morning Snapshot – 30 August 2023

In a span of three trading days, both producers managed to deplete the large weekend accumulation reported earlier this week.
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30 Aug 2023

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30 August 2023 - Shenhua's coal-based PP and PE Auction Results

The revival of the Dalian Commodity Exchange is the primary driver behind the abrupt pick-up in transactions for the coal-based parcels, which supports Shenhua in lifting deal prices for both homo-PP and LLDPE substantially.
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29 Aug 2023

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China Morning Snapshot – 29 August 2023

Sources attributed the large draw in local stocks to the monthly closing activities, in which distributors are required to offtake the committed monthly quantities.
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29 Aug 2023

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29 August 2023 - Shenhua's coal-based PP and PE Auction Results

The coal-based materials auction platform ended the second session of the week with disappointing results for LLDPE cargoes even though deal prices were set at CNY200 – 330/ton lower than the previous day for this grade.
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28 Aug 2023

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Price List: Zhongjing rollovers export PP offers amid diverged local market.

Although most traded PP contracts on the Dalian Commodity Exchange gathered a minor gain of CNY11/ton ($2/ton) on the first trading day of the week, investors seemed not motivated enough to participate in larger trading volumes.
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28 Aug 2023

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Local PP, PE market remained firm in Indonesia; demand showed limited changes.

Indeed, HDPE commands steeper gains thanks to the limited supply regionwide while the emergence of previously purchased PP cargoes at lower costs seems to cap the upside of this sector.
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28 Aug 2023

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China Morning Snapshot – 28 August 2023

The drastic surge in the local inventories is attributed to the sluggish transactions last Friday coupled with the month end closing that usually lead producers to suspend their spot offerings.
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