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News Insight & Analysis

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China Morning Snapshot – 23 March 2021
23 Mar 2021 Trading activities in the local ground remain subdued as buyers bargain for better prices.
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23 Mar 2021

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As market outlook turn bearish, local trader speed up price cut on homo-PP in Indonesia

Even at the lower prices, Indonesian buyers are not eager to make replenishment except for customers with very low inventory on-hand.
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22 Mar 2021

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Saudi Arabia producer announced April PE shipment with large increases to SEA

Due to the supply tightness, the producer has to reduce the allocation to regular customers by 50%.
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22 Mar 2021

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Malaysian PP and PE offered to Indonesia with three digits hike

Sources said that the hikes, especially on PP cargoes, come a little off timing as the regional market has just started to enter a correction period.
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22 Mar 2021

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Local producer cuts PP offers in Indonesia, increase PE prices

A major local producer in Indonesia reportedly cut local spot PP prices on the first trading day of the week in a response to the weakening import ground due to lacking purchasing interest.
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22 Mar 2021

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

Transaction prices have been softer compared to the previous trading session, however, buyers remain cautious about making purchases.
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22 Mar 2021

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China Morning Snapshot – 22 March 2021

Buyers are waiting for additional discounts to emerge citing the falling support from upstream costs and demand.
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20 Mar 2021 PPH Inj PPH Raf

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Southeast Asian import homo-PP market enters correction after multi-year high levels

Southeast Asia players are watching closely on how long this downtrend would last, though there have been opinions that sellers might not reduce prices to the level observed before the Lunar New Year because supply is still yet to fully recover.
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