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News Insight & Analysis

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Price List: China’s Zhongjing continues to reduce export PP offers
05 Jun 2023 The price decision comes despite a series of bullish economic data announced over the weekend, including the targeted stimulus packages the Chinese authorities promised.
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05 Jun 2023

insight

Local PP, PE market in Indonesia gallops lower as sluggish demand persists

The producer has been cutting offers for five consecutive weeks to facilitate transactions, and still, the reductions observed in the import ground and in the distribution market seem to outpace the maker’s effort.
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05 Jun 2023 SPVC k67-68

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Indonesian maker opens June PVC offers to local market with moderate cuts

Several distributors confirmed better inquiries from converters in the roofing sector, however, the $20/ton reductions seem to disappoint many buyers, who were hoping to larger cuts before making replenishment.
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05 Jun 2023

insight

China Morning Snapshot – 05 June 2023

In spite of the government’s announcement to introduce targeted stimulus to support the property and manufacturing sectors, the weak external demand keeps the market prospect in check.
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05 Jun 2023

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

The lack of confidence in the outlook explains the moderate percentage of deals even though the available auction quantities are much smaller than usual.
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01 Jun 2023 PET Bottle

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Weak demand, volatile upstream costs continue to weigh on the Indonesian PET market

In the meantime, several bottled beverage converters told CommoPlast that businesses during the summer season usually surge 20% from the normal time, however, new orders have been sluggish this year.
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31 May 2023

insight

China Morning Snapshot – 31 May 2023

The dramatic reductions on Dalian Commodity Exchange obviously drag the trading sentiment in the domestic spot market down. Spot PP and PE offers fell CNY50-100/ton day-on-day
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31 May 2023

insight

31 May 2023 - Shenhua's coal-based PP and PE Auction Results

Despite the substantially reduced auction volume on the final trading day of May, Shenhua failed to achieve satisfactory number of transactions.
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