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News Insight & Analysis

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China Morning Snapshot – 15 January 2024
15 Jan 2024 Despite the stronger futures contracts, trading sentiment in the domestic spot market remained soft throughout the morning session.
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15 Jan 2024

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

The Shenhua concluded the first auction session of the week with strong results even after the producer lifted homo-PP prices by CNY20/ton and LLDPE by CNY30/ton.
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12 Jan 2024

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China Morning Snapshot – 12 January 2024

Following an unexpected uptick in purchasing activities in the previous day, local producers decided to maintain spot PP and PE offers stable while buyers continue to secure additional cargoes.
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12 Jan 2024

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

Trading activities on the Shenhua auction platform surprisingly rebounded on the final day of the week motivated by the expectations among buyers that the recent downturn might have reached the bottom.
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11 Jan 2024

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Price List: Zhongjing cuts export PP offers for the second time in a week

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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