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News Insight & Analysis

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China Morning Snapshot – 23 August 2021
23 Aug 2021 Traders are willing to negotiate with serious buyers to push for month-end sales, now that export window is closing.
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23 Aug 2021

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23 August 2021: Auction sales result for Shenhua's coal-based PP and PE

While the number of transactions for homo-PP has improved significantly, Chinese bidders are less interested in PE cargoes
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20 Aug 2021

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Malaysian players: Demand outlook improves as converters ramp up run rates

Local traders are confident that domestic PP and PE prices would be stable to firmer in September citing the resumptions at many sectors and the depreciating Ringgits against the US dollar.
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20 Aug 2021

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China Morning Snapshot – 20 August 2021

The weakening futures market and the energy complex clouded the near-term market outlook and force local sellers to step back on the spot PP and PE prices.
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20 Aug 2021

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20 August 2021: Auction sales result for Shenhua's coal-based PP and PE

Chinese buyers decided to slow down purchases for PE cargoes on the final auction session of the week following four consecutive days of active buying.
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19 Aug 2021 PET Bottle

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Indonesian customers see improving PET demand as lockdown eased

The government has been gradually lifting movement control measures, allowing markets and malls to reopen, easing the pressure on end product businesses.
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19 Aug 2021

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China Morning Snapshot – 19 August 2021

Meanwhile, the steep reductions in the futures market pushe arbitrage traders to redirect cargoes to the spot market at large discounts to deplete the on-hand stocks.
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19 Aug 2021 Propylene

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Asia propylene market to track firmer trend as supply tightens

Tighter spot availability might elevate the propylene market slightly, however, any significant increases would face stiff resistance. Downstream PP market is not strong.
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