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News Insight & Analysis

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Price List: Zhongjing steps back on export PP offers for the second time this week
02 Feb 2023 Responses from Southeast Asian buyers remained disappointing, however, Chinese sellers started seeing an uptick in inquiries from South American buyers.
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02 Feb 2023

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Indonesian producer surprises local market with mid-week price hikes on PE

For many months, local PE cargoes in Indonesia have been highly attractive against imported materials, which discourages buyers from seeking overseas materials even though the exchange rates are more favourable.
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02 Feb 2023

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China Morning Snapshot - 02 February 2023

Local suppliers offer another round of minor discounts on both PP and PE cargoes, yet real transactions remain mediocre.
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02 Feb 2023

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

Chinese bidders returned to the coal-based auction platform approaching the weekend on expectations that the futures contracts on Dalian Commodity Exchange would revive after the FED lifted the key interest rate by 0.25%,
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01 Feb 2023

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Local producer lifted February PP offers sharply in Malaysia; moderate hikes on PE

Surprisingly, PP offers registered much stronger gains compared to PE even though the start-up at PrefChem’s PP units is expected to boost domestic supply.
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01 Feb 2023

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Chinese PVC market held steady in the post-holiday week

The Asian petrochemical market has been marching higher since December on bullish expectations associated with the ending of Zero-Covid policy in China. Economic activities in China rebounded in January, the latest data from the National Bureau of Statistics showed.
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01 Feb 2023

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China Morning Snapshot - 01 February 2023

Trading activities remain subdued as the continued falling futures market narrow the arbitrage window, making it less attractive for traders.
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01 Feb 2023

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

Following a disappointing sales result in the previous session, Shenhua decided to offer CNY100/ton discount on both coal-based PP and LLDPE to facilitate transactions.
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