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News Insight & Analysis

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China Morning Snapshot – 18 July 2024
18 Jul 2024 Local producers opted to maintain spot PP and PE offers unchanged despite the softer futures contracts, which negatively influenced buying activities.
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18 Jul 2024

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18 July 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform weakened slightly from the previous session, influenced by the continued decline on the Dalian Commodity Exchange. The coal-based producer's attempt to attract buyers by reducing auction prices by CNY 50/ton fell short of expectations.
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17 Jul 2024 PET Bottle

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Chinese suppliers trimmed PET bottle offers despite margin pressure as demand weakened

Indeed, Chinese producers have raised concerns over the weak inquiries from both local and international buyers, however, opined that any downward adjustments would be minor.
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17 Jul 2024

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China Morning Snapshot – 17 July 2024

Amid a stronger futures market, key local producers kept spot PP and PE offers unchanged from the previous session. Market responses improved slightly, although buyers remained cautious
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17 Jul 2024

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17 July 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform improved slightly from the previous session even though the coal-based producer held firm on auction and deal prices.
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16 Jul 2024

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Thailand PE slipped in Indonesia as weak local market weighed on imports

Despite ongoing shipping issues and port congestion causing significant delays in import arrivals, the local PE market in Indonesia has been declining for three consecutive weeks.
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16 Jul 2024 HD Film

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Heavy supply and weak demand dragged the Chinese HDPE film market

On the supply side, seven local producers are bringing eleven HDPE plants online between July and August following the recent maintenance schedules. The return of local cargoes coincides with the arrival of previously purchased imported parcels, drastically boosting availability.
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16 Jul 2024

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China Morning Snapshot – 16 July 2024

Industry participants noted that PP producers have limited capacity for further price reductions due to already squeezed margins.
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