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News Insight & Analysis

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Vietnamese producers delayed opening new local PP offers amid rising export market
03 Jan 2024 Compared to Indonesia, the real demand for PP in Vietnam remained subdued in the face of sluggish finished goods orders. However, the rising export market played a vital role
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03 Jan 2024

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Saudi Aramco announced January propane price to Asia with increase

While LPG demand in Asia remained largely stable, the recent tension in the Red Sea that caused many international shipping lines to re-route their vessels
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03 Jan 2024

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China Morning Snapshot – 03 January 2024

Additionally, there is a keen interest in exploring export opportunities for PP, with inquiries from overseas buyers in the last two days.
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03 Jan 2024

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

The overall auction sales results are deemed encouraging, but market players emphasize that buying activities are currently typical as many customers are still assessing the upcoming market trend outlook.
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02 Jan 2024

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Statistics: Local petchem production outputs in China dropped 3.4% in November

Nevertheless, at 7.06 million tons, the combined quantities local plants produced in November were still the third-highest levels in 2023.
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02 Jan 2024

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Statistics: China’s PVC exports rebounded in November

On the local front, Chinese PVC plants produced 1.92 million tons of output in November after hitting the highest level since January 2021 in October.
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02 Jan 2024

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Indonesian producer kickstarted the new year with steep hikes on PP cargoes

The Indonesian PP and PE market concluded 2023 on a strong note with a key domestic producer introducing two consecutive hikes just before taking off for the long New Year holiday.
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28 Dec 2023

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China Morning Snapshot – 28 December 2023

Over the past week, China's domestic PP and PE market has been firming up, but at a relatively sluggish pace despite the heightening overseas supply concerns due to rising shipping costs and longer lead time.
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