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News Insight & Analysis

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Import homo-PP to Indonesia inches lower as depreciating Rupiah hurts demand
20 Jun 2022 The Indonesian import homo-PP market has been tracking a stable to softer trend over the past weeks even though the neighbouring Vietnam market has shown a clear rebound. This week, the downtrend persists as several international suppliers cut offers right on the first trading day of the week.
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20 Jun 2022

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China Morning Snapshot – 20 June 2022

Chinese sellers are generally cautious, not to introduce large price cuts due to the strong energy complex and the uncertainties associated with the Zero-Covid policies.
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18 Jun 2022

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Indonesian producer keeps local PP, PE market on the stable to firmer track

A major local producer in Indonesia has opened fresh PP and PE offers over the weekend with additional increases on most PP and PE grades as a result of the depreciation of the Rupiah against the US dollar.
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17 Jun 2022

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[FREE] 17 June 2022 - Shenhua's coal-based PP and PE Auction Results

Except for LLDPE, the buying appetite among Chinese bidders for most of the other grades on the Shenhua auction platform remains healthy on the final trading day of the week.
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17 Jun 2022

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China Morning Snapshot – 17 June 2022

As both futures and domestic spot markets enter the seventh session of decline, small-scale traders started to feel uneasy over the storage space.
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16 Jun 2022

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[FREE] 16 June 2022 - Shenhua's coal-based PP and PE Auction Results

The demand for homo-PP is particularly healthy, signalling an improvement in acceptance levels at the current prices regardless of the partial lockdown.
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16 Jun 2022

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Vietnamese homo-PP market climbs higher despite the sluggish China market

The development as if sellers are attempting to detach from the bearish China market, instead, focusing primarily on their own inventory levels and the rising energy costs. However, buyers do not seem to agree.
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16 Jun 2022

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Statistics: China’s petchem production outputs recovered in May

Despite the 12.8% growth rate, production for LLDPE has been struggling to return to anywhere near the 1 million tons threshold, which was last seen in January this year.
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