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China Morning Snapshot – 10 January 2022
10 Jan 2022 There are no supports for a rebound in the coming weeks, hence, customers are not in rush to book large purchases
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10 Jan 2022 Ethylene

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Asian ethylene nosedived on ample supply, sluggish demand

Abundant supply in the Fareast Asia region amid the dwindling demand from the downstream markets pressure prices lower and forcing key steam cracker operators to slash run rates to 80-90% this week.
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07 Jan 2022

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[FREE] 7 January 2022 - Shenhua's coal-based PP and PE Auction Results

Sources said that the producer also allocated large homo-PP cargoes to the auction platform to deplete more quantity before the long Lunar New Year holiday.
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07 Jan 2022

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Indonesian producer lifts local PP prices second time in a week

Large-scale buyers are turning to the import market to make additional replenishment while small to medium-scale buyers would only buy hand-to-mouth amid the sluggish end-product businesses.
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07 Jan 2022

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Import PE market track stable to soft trend in China, market might enter pre-holiday replenishment

Although sellers are unable to implement any increases, the positive side is that softer prices draw buyers back to the market. Transactions are healthy, indicating that buyers might be procuring cargoes in preparation for the long Lunar New Year holiday ahead.
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07 Jan 2022

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China Morning Snapshot – 07 January 2022

Sources said that the higher price list attracted very limited buying interest and customers tend to negotiate very aggressively for discounts before making replenishment.
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06 Jan 2022

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[FREE] 6 January 2022 - Shenhua's coal-based PP and PE Auction Results

Homo-PP dealt largely at the lower end of the overall price range, highlighting the escalating pressure on the import ground.
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06 Jan 2022

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China Morning Snapshot – 06 January 2022

Once again, sellers attempt to push out as many cargoes as possible before the market enters the holiday mood and to prepare for the inventory buildup throughout the Lunar New Year holiday.
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