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China Morning Snapshot – 24 February 2023
24 Feb 2023 The Chinese government is set to overhaul the financial system and possibly replace key position at the central bank, reported Bloomberg. Although economists do not expect any drastic change in monetary policies, jittery investors prefer to hold their position to monitor the development further.
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24 Feb 2023

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24 February 2023 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders are withdrawing to the sideline to monitor the movement on the futures market in the next couple of days. Further decline futures contract would cause sharp fall in transactions on the Shenhua auction platform.
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22 Feb 2023

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China Morning Snapshot – 22 February 2023

As expected, buyers are unable to accommodate the latest rise in spot PP and PE prices. Suppliers immediately step back on homo-PP offers
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22 Feb 2023

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

The price decision led to poor sales results, which once again, highlight the highly price-sensitive market.
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21 Feb 2023

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Price List: Zhongjing lifted export PP offers following the rebound in local market

Chinese key PP producer – Zhongjing Petrochemical promptly responded to the surging Dalian Commodity Exchange on the second trading day of the week by lifting export offers by $5-10/ton, gaining back all the losses earlier this week.
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21 Feb 2023

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China Morning Snapshot – 21 February 2023

Trading sentiment in the domestic spot market is boosted by the surging Dalian Commodity Exchange. Spot prices rose CNY100/ton ($15/ton) day-on-day
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21 Feb 2023

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

Thanks to the strong rebound on the Dalian Commodity Exchange, Chinese bidders actively secure coal-based cargoes on the Shenhua auction platform.
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20 Feb 2023

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Price List: China’s Zhongjing continues to step back on export PP offers

On the other hand, Zhongjing Petrochemical and other PP producers are falling under rising cost pressure as both propane and propylene hit multi-month highs on supply tightness.
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