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News Insight & Analysis

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Indonesian maker resumed lifting PP, PE offers to the domestic market
17 Jul 2023 According to market sources, the upward adjustments are appropriate considering the lack of ready stocks for homo-PP yarn, HDPE, and LLDPE cargoes.
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17 Jul 2023

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China Morning Snapshot – 17 July 2023

Local suppliers did not immediately respond to the plunging futures market, instead, continue to raise spot LLDPE film offers by as much as CNY100/ton.
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17 Jul 2023

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17 July 2023 - Shenhua's coal-based PP and PE Auction Results

Following a strong rally last week, Shenhua raised offers for homo-PP by CNY100/ton and LLDPE by CNY90/ton right on the first auction session this week, which could not be any worse timing.
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14 Jul 2023

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Price List: China’s Zhongjing lifted export PP offers on stronger local market

Optimism over a brighter economic outlook has been fueling trading sentiment on the Dalian Commodity Exchange throughout the week, which in turn, encouraged purchasing activities in the domestic spot market.
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14 Jul 2023

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Chinese PE market holds firm amid uptick in demand

Among the PE film grades, customers show a strong interest in LLDPE film. Several international producers and trading houses even lifted spot prices twice this week following satisfactory responses from buyers.
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14 Jul 2023

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China Morning Snapshot – 14 July 2023

Meanwhile, it is worth noting that a large bulk of local inventories were absorbed by the distribution market this week, and it is time traders attempt to release the on-hand stocks to converters for a margin.
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14 Jul 2023

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14 July 2023 - Shenhua's coal-based PP and PE Auction Results

Both homo-PP and LLDPE achieved full deals, however, it is interesting that the producer raised offers guardedly by just CNY30/ton on homo-PP while LLDPE and HDPE remained unchanged.
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13 Jul 2023

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Price List: Zhongjing announces the third price list in a week with increases

Even though trading activities in the local Chinese market have somewhat dimmed toward the end of the week resulting from the piling buyer resistance, Zhongjing claimed to have been free from inventory pressure after satisfactory transactions were achieved earlier this week.
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