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News Insight & Analysis

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China Morning Snapshot – 14 June 2023
14 Jun 2023 Key PP and LLDPE contracts on Dalian Commodity Exchange ended the morning session with sharp increases on optimism surrounding the surprising interest rate cuts by the PBOC.
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14 Jun 2023

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

Trading activities on the Shenhua auction platform performed considerably better than the previous session as market confidence improved sharply after the People’s Bank of China (PBOC) cut short-term borrowing costs to support recovery.
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13 Jun 2023

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Taiwanese major cuts July PVC offers to Asia; fourth straight month of decline

On the bright side, responses from Indian customers are surprisingly strong.
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13 Jun 2023

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Malaysian LDPE continues to journey south in Vietnam amid soft demand regionwide

The Malaysian producer seems to be focusing on protecting the bottom-line after recording a loss of RM 286 million in the first quarter of 2023 due to reduced operating rates and weak regional demand
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13 Jun 2023

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China Morning Snapshot – 13 June 2023

Some major trading houses started to consider cutting export PP offers again to deplete more cargoes overseas to compensate for the dwindling demand at home.
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13 Jun 2023

insight

13 June 2023 - Shenhua's coal-based PP and PE Auction Results

The rebound in the transaction rates for LLDPE is partly due to the significant drop in the auction volume of about 60% compared to the previous day.
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12 Jun 2023

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Price List: Zhongjing Petrochemical continues to revise export PP offers downward

The depreciation of the Yuan against the US dollar allows the producer to make minor cuts on the offers while the overseas market is on a tug-of-war to regain stabilization following a prolonged period of the downswing.
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12 Jun 2023

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Local producer continued cutting PP offers in Indonesia; PE market shows signs of stabilizing

For the eighth consecutive week, a key local producer in Indonesia cut spot PP offers on the persistently weak demand and stiff competition from the distribution market as well as import cargoes.
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