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News Insight & Analysis

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China Morning Snapshot – 22 September 2023
22 Sep 2023 With the uncertain demand outlook in October, Chinese sellers are not willing to take the risk of holding on to the stocks.
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22 Sep 2023

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22 September 2023 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders find the adjustments appealing, resulting in strong number of transactions on the final trading day of the week.
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21 Sep 2023

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Vietnam’s LSP started offering commercial PP, PE cargoes in Indonesia.

On the other hand, market players are monitoring the operating rates at LSP’s plants bearing concerns that high naphtha cost and squeezed margins might encourage the maker to maintain low utilization rates
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21 Sep 2023

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Indonesian producer surprisingly lifted local PE offers for the second time this week.

Delayed in delivery of previously purchased parcels coupled with the strong upstream cost outlook are cited as the primary support behind the latest hikes.
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21 Sep 2023

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China Morning Snapshot – 21 September 2023

Key local producers, namely Sinopec and CNPC managed to deplete the combined PP and PE inventories below the 600,000 tons threshold for the first time in a couple of weeks
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21 Sep 2023

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21 September 2023 - Shenhua's coal-based PP and PE Auction Results

To compensate for the downward pressure, Shenhua stoke up demand by offering CNY60/ton discount on deal prices for homo-PP and CNY70 – 140/ton on LLDPE
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20 Sep 2023

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Saudi major lifted October PE offers to Southeast Asia on tight availability.

Due to the upcoming maintenance shutdown, the maker could only supply spot LLDPE film allocations while skipping HDPE film offerings entirely.
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20 Sep 2023

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China Morning Snapshot – 20 September 2023

Key PP and LLDPE contracts on the Dalian Commodity Exchange ended the morning session in the red, shrugging off the stable benchmark rates set by the PBOC.
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