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Indonesian major cut local offers twice in three days, pushing buyers further to the sidelines
15 Jul 2024 In the span of three days, a major local producer in Indonesia has down-adjusted spot PP and PE offers twice in an attempt to stimulate buying interest while supply is recovering from the recent tightness.
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15 Jul 2024

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Chinese producers trimmed export PP offers amid a persistent weakness at home

Despite weak performance on the Dalian Commodity Exchange, the absence of substantial inventory pressure and strong upstream propylene costs have prevented any drastic downturn in the local PP market.
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15 Jul 2024

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China Morning Snapshot – 15 July 2024

Chinese suppliers opted to keep spot PP and PE offers unchanged from late last week but indicated a willingness to enter negotiation with serious buyers.
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15 Jul 2024

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

Currently, auction prices for both coal-based homo-PP and LLDPE film are approximately CNY 100/ton below the spot market prices, which has incentivized customers to make purchases.
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11 Jul 2024

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Chinese PP export offers remain steady despite weak local sentiment

At least three Chinese PP producers have maintained their export offers at unchanged levels compared to previous weeks, despite persistently sluggish local trading sentiment and a significant lack of competitiveness in the international market.
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11 Jul 2024

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China Morning Snapshot – 11 July 2024

Throughout this week, Sinopec and CNPC reported only one daily decline in their PP and PE stocks out of four days. For the second consecutive day, both producers' inventory levels remained unchanged
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11 Jul 2024

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

After nearly a week of following the downtrend, key PP and LLDPE futures contracts on the DCE regained stability, revitalizing trading sentiment on the auction platform and in the spot market.
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10 Jul 2024

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China Morning Snapshot – 10 July 2024

Sinopec and CNPC have struggled to effectively deplete their on-hand stocks amid sluggish trading sentiment. Both producers reported no change in their combined PP and PE inventory
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