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News Insight & Analysis

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Indonesia’s PPBC import activities quieten amid regulatory challenges and heightened year-end risks
05 Dec 2024 Indonesia implemented an annual import quota system for PPBC in 2022, requiring importers to renew quotas by the end of each year. To avoid customs clearance complications, buyers typically refrain from taking delivery of cargoes arriving during this critical year-end period.
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05 Dec 2024

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China Morning Snapshot – 05 December 2024

Yet, the price hike seemed to temper buying enthusiasm. Businesses withdraw from the market to gauge end-product buyers’ acceptance of the current LLDPE film price levels.
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05 Dec 2024

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05 December 2024 - Shenhua's coal-based PP and PE Auction Results

Trading activities on the Shenhua Auction Platform plunged sharply from the previous session despite the moderate auction volume available. Chinese bidders shied away from the unappealing pricing set by the coal-based producer – Shenhua despite the continued weakening of futures contracts on the Dalian Commodity Exchange.
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04 Dec 2024

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Saudi Aramco kept December LPG prices steady at a multi-month high in Asia

Saudi Aramco, the state-owned oil and gas giant, has opted to keep its December liquefied petroleum gas (LPG) contract prices unchanged, sustaining levels at a 20-month high. This decision reflects the balancing act between strong seasonal demand for winter heating and a sluggish petrochemical sector.
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04 Dec 2024 LL C4 Film

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Chinese LLDPE film market hits 2024 high amid surprisingly resilient demand

Market participants noted significant, even aggressive, buying activity in Southern China at the start of the week, largely driven by local traders seeking to secure ready-stock parcels to meet the delivery obligations of previously sold containers.
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04 Dec 2024

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China Morning Snapshot – 04 December 2024

In the domestic spot market, trading sentiment has softened slightly compared to earlier in the week. However, Chinese buyers continue to show stronger interest in LLDPE relative to other grades.
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04 Dec 2024

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04 December 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform concluded today’s session with a positive outcome, recording 100% sold volumes for coal-based LLDPE, despite the prevailing weak trend in the futures market on the Dalian Commodity Exchange (DCE).
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03 Dec 2024 SPVC k67-68

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Local Indonesian PVC market stumbled under weak demand and fierce competition

A leading Indonesian producer has announced PVC offers for December delivery to the domestic market, cutting prices by $20/ton in response to economic challenges and subdued market activity.
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