Southeast Asian homo-PP market tracks stable to firmer trend; diverged demand conditions observed in each market

05 Jan 2023 Free from pressure, everyone is now betting forward to China’s recovery from the current wave of the COVID-19 outbreak, which would elevate trading sentiment to a certain extent.

05 Jan 2023

China Morning Snapshot - 05 January 2023

To further encourage purchases, some traders even offer another CNY50/ton discount on both PP and PE cargoes for post-Lunar New Year holiday delivery.

05 Jan 2023

5 January 2023 - Shenhua's coal-based PP and PE Auction Results

The continued decreasing futures contracts impacted the buying appetite as sources expected further price cuts ahead.

04 Jan 2023

Taiwanese major lifted February PVC offers in Asia

Buyers across the region reported that the producer does not offer any quantity discount this month citing the small allocation available.

04 Jan 2023

China Morning Snapshot - 04 January 2023

Suppliers promptly down-adjusted spot homo-PP offers to reflect the weaker Dalian Commodity Exchange, underlining the importance of keeping spot prices lower than futures contracts

04 Jan 2023

4 January 2023 - Shenhua's coal-based PP and PE Auction Results

The number of transactions on the Shenhua auction platform fell sharply on the second trading day of the week, particularly for LLDPE cargoes as the producer attempted to lift deal prices after achieving strong sales results in the previous session.