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News Insight & Analysis

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Malaysian LDPE continues to journey south in Vietnam amid soft demand regionwide
13 Jun 2023 The Malaysian producer seems to be focusing on protecting the bottom-line after recording a loss of RM 286 million in the first quarter of 2023 due to reduced operating rates and weak regional demand
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13 Jun 2023

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China Morning Snapshot – 13 June 2023

Some major trading houses started to consider cutting export PP offers again to deplete more cargoes overseas to compensate for the dwindling demand at home.
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13 Jun 2023

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13 June 2023 - Shenhua's coal-based PP and PE Auction Results

The rebound in the transaction rates for LLDPE is partly due to the significant drop in the auction volume of about 60% compared to the previous day.
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12 Jun 2023

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Price List: Zhongjing Petrochemical continues to revise export PP offers downward

The depreciation of the Yuan against the US dollar allows the producer to make minor cuts on the offers while the overseas market is on a tug-of-war to regain stabilization following a prolonged period of the downswing.
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12 Jun 2023

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Local producer continued cutting PP offers in Indonesia; PE market shows signs of stabilizing

For the eighth consecutive week, a key local producer in Indonesia cut spot PP offers on the persistently weak demand and stiff competition from the distribution market as well as import cargoes.
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12 Jun 2023

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China Morning Snapshot – 12 June 2023

Purchasing activities are subdued throughout the early hours of the day even with homo-PP breaching below the CNY7000/ton threshold again.
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12 Jun 2023

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12 June 2023 - Shenhua's coal-based PP and PE Auction Results

Trading activities on the Shenhua auction platform remain relatively steady on the first day of the week as the producer agreed to CNY40-50/ton discount from the previous session.
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07 Jun 2023

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China Morning Snapshot – 07 June 2023

Even though the futures market fails to retain the firmness observed in the previous days, the reduced inventory pressure allows suppliers to keep spot PP and PE prices relatively firm.
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