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News Insight & Analysis

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Price List: Zhongjing cuts export PP offers for the second time in a week
11 Jan 2024 The producer maintained low operating rates at their plants to counterbalance the sluggish demand conditions. Trading sentiment in the domestic spot market is lethargic.
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11 Jan 2024

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Local PP market in Vietnam loses momentum as new supply hit the market

Long Son Petrochemical (LSP) successfully started up its mixed feed cracker in Southern Vietnam in late December 2023, which allow the producer to kickstart commercial production at both PP and PE units.
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11 Jan 2024

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China Morning Snapshot – 11 January 2024

Following several days of continuous price reductions, Chinese buyers finally returned to the market for restocking ahead of the weekend.
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11 Jan 2024

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

Compared to the previous trading session, the transactions on the Shenhua platform improved sharply thanks to the producer’s effort to adjust the prices to attract customers.
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10 Jan 2024 PPH Raf

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Chinese homo-PP inches lower in Vietnam, creating confusion in the market

However, the two consecutive downward price adjustments this week from Chinese sellers signal the possibility that the recent rally might have reached a peak.
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10 Jan 2024

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China Morning Snapshot – 10 January 2024

Despite the slower inventory digestion rates, sources said the current stock levels are well under control, which discourages producers from introducing any drastic price reductions
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10 Jan 2024

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

Following two consecutive sessions of dwindling sales results, Shenhua continued to lower auction prices for LLDPE by CNY50/ton while maintaining homo-PP unchanged.
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09 Jan 2024

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China Morning Snapshot – 09 January 2024

In contrast to the futures market, the domestic spot market continues to track a softening trend with LLDPE film offers witnessing larger reductions.
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