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News Insight & Analysis

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China Morning Snapshot – 31 March 2021
31 Mar 2021 May 2021 delivery contracts for both PP and LLDPE traded sluggishly throughout the morning session, indicating the lack of risk appetite among traders.
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31 Mar 2021

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Another Saudi Arabia producer opens April PP, PE offers to Southeast Asia

In spite of the reduction, buyers find it difficult to accept the latest homo-PP prices given the fact that duty-advantage Chinese cargoes are available at below the $1400/ton threshold.
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30 Mar 2021

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Local traders lift PP prices in Indonesia after shutdown at Polytama

Local traders in Indonesia immediately responded to the shutdown at Polytama the previous day by implementing some increases on spot PP prices.
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30 Mar 2021

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Chinese homo-PP yarn edges another notch down in Vietnam

Demand in Vietnam has been soft throughout the month of March as manufacturers are unable to increase end-product prices.
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30 Mar 2021

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China: Auction sales result for Shenhua's coal-based PP and PE

Transactions on the Shenhua auction platform improved significantly on the second trading day of the week, even though prices edge slightly higher
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30 Mar 2021

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China Morning Snapshot – 30 March 2021

It is important to note that buyers are very selective and would only proceed with new purchases at the lower end of the overall price range.
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29 Mar 2021

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Malaysian producer lifted April PP, PE offers to local market sharply

Malaysian market previously enjoyed comfortable availability of USA materials at local hubs, however, the absence of these cargoes for a prolonged period deprives buyers in this market of other choices but to seek local cargoes.
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29 Mar 2021

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Indonesian producer maintains PE offers unchanged, reducing PP on weak demand

The new offers see an additional price reduction on PP cargoes as a result of weak demand and the continued weakening trend in the import ground.
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