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News Insight & Analysis

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25 January 2024 - Shenhua's coal-based PP and PE Auction Results
25 Jan 2024 Trading sentiment on the Shenhua auction platform was mixed with bidders exhibiting strong buying interest for LLDPE film while adopting a more conservative stance toward homo-PP cargoes.
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24 Jan 2024

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Saudi producer lifted February PE offers to Asia amid limited supply, higher costs

As the Asian PE market increasingly faces the influence of the constant alternation of the macroenvironment, a Saudi Arabia producer eludes the pricing risks by lifting February shipment offers to the region despite the persistently lethargic demand.
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24 Jan 2024

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Price List: China’s Zhongjing raises export PP offers amid firming local market

After keeping export offers on a stable note at the start of the week, China’s Zhongjing decided to revise their export PP prices upward to reflect the reduced sales pressure amid the firming domestic ground.
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24 Jan 2024

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China Morning Snapshot – 24 January 2024

Local sellers noted a deceleration in sales this morning, particularly as some producers attempted to maintain firmer PP offers, testing the market's response following a mostly stable note the previous day.
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24 Jan 2024

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24 January 2024 - Shenhua's coal-based PP and PE Auction Results

After finalizing the purchases, buyers are adopting a careful approach and refraining from active engagement.
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23 Jan 2024

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Taiwanese major surprisingly lifted February PVC offers to Asia

Asian market participants initially expected a rollover or $10-20/ton reduction citing the soft purchasing activities and heightened pressure among Chinese suppliers to deplete their stocks ahead of the Lunar New Year holiday.
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23 Jan 2024

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Indonesian producer reversed price cut decision on spot PP cargoes

On 20 January 2024, an equipment malfunction led to a combustion at the fire stack belonging to the producer at the Celegon complex. The incident was contained, however, the impact on the plant has not been disclosed.
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23 Jan 2024

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China Morning Snapshot – 23 January 2024

Customers have secured at least some cargo and prefer to wrap up the paperwork instead of rushing for another round of purchases.
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