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News Insight & Analysis

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Local PP, PE offers in Indonesia remains largely unchanged in Indonesia
20 Feb 2023 As discussed earlier, the twelve months uptrend has reached a plateau and likely to see minor corrections as sellers attempt to attract sales ahead of the fasting month and the Ramadan season.
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20 Feb 2023

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Key Saudi producer announced March PE offers to SEA market with $100/ton hike

The surge in PE prices is supported by the reduced availability across South Korea and the Middle Eastern region and the rising upstream ethylene costs. Still, the demand in Southeast Asia might not be strong enough
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20 Feb 2023

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China Morning Snapshot – 20 February 2023

Market participants continue to wait on the sidelines while hoping for more stimulus from the government on the Two Session Congress meeting this 5 March 2023.
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20 Feb 2023

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Another Saudi producer lifted March PE offers to Vietnam

An increasing number of buyers told CommoPlast they plan to source just the needed quantity from the domestic market to avoid currency exchange risks, especially when the economic outlook remains cloudy.
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20 Feb 2023

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

The producer maintained a neutral pricing strategy, avoiding any abrupt and sharp price hikes to keep buyers active.
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16 Feb 2023

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China Morning Snapshot – 16 February 2023

Weak demand has been pressurizing the market, however, the recent start-up at CNPC Guangdong Petrochemical (Jieyang) and Sinopec Hainan Refinery stoke fears over the rising domestic availability.
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16 Feb 2023

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

Regardless of the rebound on the Dalian Commodity Exchange, Shenhua continues to provide minor discounts of CNY30/ton on the coal-based materials auction platform in order to lure buyers back to the market.
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15 Feb 2023

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China Morning Snapshot – 15 February 2023

The trading sentiment seems uneven across China. Players in the Eastern region reported having achieved a good number of transactions after offering minor discounts
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