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News Insight & Analysis

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Local producer lifted PP prices sharply in Indonesia; PE offers remained dwindled
09 Jan 2023 The torrid surge in spot homo-PP offers stunned the market. Many manufacturers attempted to adjust finished goods prices accordingly, but immediately suffered a blow of PO cancellations.
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09 Jan 2023

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China Morning Snapshot - 09 January 2023

Traders reported a satisfactory number of transactions for LLDPE film in this province, thanks to the pent-up demand from the mulch film and greenhouse film manufacturers.
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09 Jan 2023

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

Despite both PP and LLDPE contracts on Dalian Commodity Exchange poses weak trend throughout the morning session, the auction’s sales performed better compared to last Friday.
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06 Jan 2023

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China Morning Snapshot - 06 January 2023

Logistic services will be suspended starting 10 January, which means sentiment might decline further in the remainder of the month.
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06 Jan 2023

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

However, the number of transactions remained below expectations as buyers adopt a cautious stance ahead of the long holiday.
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05 Jan 2023

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

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.
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05 Jan 2023

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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.
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05 Jan 2023

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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.
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