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News Insight & Analysis

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At multi-month lows, is the Asian ethylene market near the bottom?
23 May 2022 On average, import HDPE film to China has reached $1170/ton at the time of this report while LLDPE film is at $1165/ton, all based on CFR China. These PE prices merely covered half of the usual conversion costs of $150/ton for PE producers.
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20 May 2022

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[FREE] 20 May 2022 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment improved slightly on the final trading day of the week after Shenhua agreed to additional discounts on homo-PP cargoes.
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20 May 2022

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Statistics: Import PP, PE arrivals to China nosedived in April on lockdown

While the 27.5% dropped in PE import arrival rung an alarm sound on the market, players were not surprised at the fall in PP imports as China has established its net exporter status.
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20 May 2022

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Saudi maker cuts PE offers to China as buyers shy from new purchases

The Yuan has depreciated about 6.4% against the US dollar over the past month, making it more expensive to purchase US dollar nominated cargoes, especially when the local market shows little sign of improvement.
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20 May 2022

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China Morning Snapshot – 20 May 2022

While offering negotiation space to customers, key local producers also weigh the option of further production rate cuts to counterbalance the persistently sluggish demand condition.
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19 May 2022

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[FREE] 19 May 2022 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment improved slightly from the previous trading day, particularly for PP, however, Chinese bidders continue to show limited interest in the LLDPE cargoes.
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19 May 2022 PPH Inj PPH Raf

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Import homo-PP might have reached the bottom in Vietnam as buyers actively making replenishment

Players are betting forward following news of China easing lockdown measures in Shanghai, which expectedly, would stimulate the demand and facilitate a rebound.
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19 May 2022

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China Morning Snapshot – 19 May 2022

The easing Shanghai lockdown has not lifted the trading sentiment as much as sellers have hoped, leading to expectations that further price reductions might be possible in the immediate term.
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