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News Insight & Analysis

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China Morning Snapshot – 02 November 2023
02 Nov 2023 Although the futures market remains on the softening track, local suppliers refused to introduce large price reductions on the back of the already squeezed margins.
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02 Nov 2023

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02 November 2023 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders turned cautious on the Shenhua auction platform, resulting in reduced transactions, particularly for homo-PP
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01 Nov 2023

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Chinese PET bottle tracks stable trend in SEA; downward pressure remains.

Data from CommoPlast showed within 2023, China welcomes six new PET plants with a combined capacity of 3.8 million tons/year.
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01 Nov 2023

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China Morning Snapshot – 01 November 2023

Surprisingly, local suppliers decided to keep spot PP and PE offers on the stable to softer trend, against the firmer futures market.
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01 Nov 2023

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01 November 2023 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders are attracted by the competitive pricing of coal-based cargoes as the domestic spot market remains relatively firm.
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31 Oct 2023

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Saudi Aramco lifted November propane prices; the firming trend seems slowed.

As reported earlier, Asian propane dehydrogenation (PDH) operators have been reducing utilization rates over the past months amid margin compression.
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31 Oct 2023

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Malaysia producer cuts local PP prices while keeping PE offers unchanged.

A key Malaysian producer shrugged off the weakening trend in the regional PP and PE market to introduce moderate reductions on only PP cargo for November delivery to domestic buyers.
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31 Oct 2023

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China Morning Snapshot – 31 October 2023

Most traded PP and LLDPE contracts for January 2024 delivery reversed earlier gains to settle in the negative territory following disappointing manufacturing activities in October.
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