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News Insight & Analysis

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Challenges in China’s PVC market: Prices dip amid weak demand
05 Jan 2024 A series of other pipe makers have been operating at substantially lower rates over the past several months amid the weak global economy and the local property market turmoil.
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05 Jan 2024

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

In an interesting development, Chinese bidders continued to shy away from coal-based homo-PP on the final trading day of the week despite the CNY100/ton discount the producer provided on the auction prices.
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04 Jan 2024

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China Morning Snapshot – 04 January 2024

On the other hand, buyers actively survey the market for more attractive alternatives while cautiously making hand-to-mouth purchases.
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04 Jan 2024

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

Trading sentiment on the Shenhua auction platform remained dwindling toward the weekend and despite the 100% deals reported for coal-based LLDPE film cargoes, it is important to note that auction quantity for this grade stood at merely 500 tons.
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03 Jan 2024

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Vietnamese producers delayed opening new local PP offers amid rising export market

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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