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News Insight & Analysis

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15 July 2024 - Shenhua's coal-based PP and PE Auction Results
15 Jul 2024 Currently, auction prices for both coal-based homo-PP and LLDPE film are approximately CNY 100/ton below the spot market prices, which has incentivized customers to make purchases.
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11 Jul 2024

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Chinese PP export offers remain steady despite weak local sentiment

At least three Chinese PP producers have maintained their export offers at unchanged levels compared to previous weeks, despite persistently sluggish local trading sentiment and a significant lack of competitiveness in the international market.
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11 Jul 2024

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China Morning Snapshot – 11 July 2024

Throughout this week, Sinopec and CNPC reported only one daily decline in their PP and PE stocks out of four days. For the second consecutive day, both producers' inventory levels remained unchanged
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11 Jul 2024

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11 July 2024 - Shenhua's coal-based PP and PE Auction Results

After nearly a week of following the downtrend, key PP and LLDPE futures contracts on the DCE regained stability, revitalizing trading sentiment on the auction platform and in the spot market.
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10 Jul 2024

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China Morning Snapshot – 10 July 2024

Sinopec and CNPC have struggled to effectively deplete their on-hand stocks amid sluggish trading sentiment. Both producers reported no change in their combined PP and PE inventory
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10 Jul 2024

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10 July 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua’s decision to maintain stable auction prices has backfired, as the continued decline in futures markets and falling crude oil prices have severely dampened buying interest.
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09 Jul 2024

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Indonesian major cut local PP, PE offers further as the bear run persists

Trading sentiment remains subdued at the start of the week, with buyers withdrawing to the sidelines to assess the near-term outlook.
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09 Jul 2024 SPVC k67-68

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Indonesian PVC market follows the global upward trend

Initial market responses have been weaker than expected. Several PVC pipe manufacturers attribute this to the lack of new projects and the onset of the monsoon season
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