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China Morning Snapshot – 29 November 2024
29 Nov 2024 Despite the marginal uptick in futures prices, domestic spot market activity remained subdued. With restocking largely complete, many buyers are now prioritizing logistical and administrative tasks while awaiting clearer market signals next month.
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29 Nov 2024

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29 November 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua closed the final trading day of the month on a strong note, bolstered by the limited quantities allocated to its auction session. Offering just 100 tons of homo-PP and LLDPE, the coal-based producer secured deals effortlessly.
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28 Nov 2024

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China Morning Snapshot – 28 November 2024

Despite the absence of inventory pressure, local suppliers were compelled to offer CNY 50/ton discounts on both PP and PE cargoes in response to the weakness in futures markets.
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28 Nov 2024

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28 November 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua auction platform reflected mixed outcomes following a softening trend on the Dalian Commodity Exchange (DCE). Despite this, Chinese buyers showed robust interest in LLDPE, primarily fueled by a CNY140/ton ($19/ton) discount,
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27 Nov 2024 PET Bottle

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Indonesian PET bottle market sees early signs of demand improvement, comfortable supply capped potential upside

Despite persistent weakness in the import market, Indonesian buyers are increasingly turning to local suppliers for two primary reasons. First, while export PET bottle prices from Chinese suppliers have softened on FOB terms, elevated freight costs have substantially inflated CIF prices.
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27 Nov 2024 PPH Raf

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China's PP export market stabilizes amid overseas supply constraints

Export activity has surged, with overseas purchasers turning to Chinese cargoes following a series of production disruptions. Philippine and Thai converters have driven a substantial portion of this demand.
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27 Nov 2024

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China Morning Snapshot – 27 November 2024

Market participants appeared unfazed by the stable inventory figures, attributing the development to domestic producers withholding spot allocations after a significant inventory drawdown earlier in the week.
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27 Nov 2024

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27 November 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded another auction session with robust results, supported by significantly reduced supply and a resilient domestic spot market. Despite volatility in Dalian Commodity Exchange futures
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