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News Insight & Analysis

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27 February 2024 - Shenhua's coal-based PP and PE Auction Results
27 Feb 2024 Trading activities on the Shenhua auction platform remained resilient on the second day of the week thanks to the coal-based producer’s effort to stimulate buying interest by cutting auction prices by CNY30-50/ton day-on-day.
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23 Feb 2024

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Local Vietnamese PP market gallops higher; cautiousness remains as dwindling Chinese market weighs

Vietnam is among the only few markets in Asia tracking a firming trend this week, which is understandable considering the latest production issue ahead of a couple of major maintenance shutdowns.
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23 Feb 2024

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China Morning Snapshot – 23 February 2024

Following the rebounded futures market, local suppliers attempted to lift spot offers by CNY50/ton but bumped into disappointing responses from buyers.
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23 Feb 2024

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23 February 2024 - Shenhua's coal-based PP and PE Auction Results

Players ascribed the positive sales outcome to the futures market's recovery trend during the auction period particularly for homo-PP and LLDPE auctioned prices maintaining on a stable note.
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22 Feb 2024

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Middle Eastern PE surges in China amid tightening supply, strong costs

Following a sluggish start this week, at least two major Middle Eastern producers decided to lift their spot PE offers to China sharply toward the weekend, reflecting the bullish development overseas and the strong upstream ethylene costs.
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22 Feb 2024

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China Morning Snapshot – 22 February 2024

In spite of a more stabilised futures market, spot PP and PE prices in the domestic spot market continued to gallop lower in the face of sluggish demand conditions.
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22 Feb 2024

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22 February 2024 - Shenhua's coal-based PP and PE Auction Results

Auction prices were largely stable from the previous trading day, therefore, the satisfactory number of transactions indicated buyers’ willingness to make replenishments, LLDPE in particular
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21 Feb 2024

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China Morning Snapshot – 21 February 2024

Some players stated that their inventory digestion remains sluggish while many other sellers are lamenting today's poor sales, indicating the slow actual market buying activity.
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