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News Insight & Analysis

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China Morning Snapshot – 27 November 2020
27 Nov 2020 In the meantime, the low inventory levels among local producers might continue to prevent any major price correction in the coming days.
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26 Nov 2020

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Chinese players: Woven bags manufacturers reduce operating rates to cope with rising raw material costs

By reducing the operating rates, manufacturers also hope to reduce the availability of the end-products and convince customers to accept the full hike in raw material prices.
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26 Nov 2020

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

The quantity available remains much smaller than usual that encourage the supplier to raise deal prices.
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26 Nov 2020

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China Morning Snapshot – 26 November 2020

On another note, the Chinese government has encouraged the manufacturing sectors to allow workers to return to their respective hometowns for Lunar New Year earlier than usual and in batches.
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26 Nov 2020

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Another Saudi producer announces December PP and PE offers to SEA

Indonesian customers are responding not very positively to the new prices due to the weak demand in this market.
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25 Nov 2020

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Statistics: China’s PP and PE import arrivals fell in October

The PP and PE import arrival in October 2020 had surged substantially compared to the same period last year, which once again eradicates the theory on the negative impact of the COVID-19 on the consumption in this market.
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25 Nov 2020

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China’s Maoming Petrochemical postpones maintenance at LDPE plant

There have not been any details on the new shutdown schedule, however, sources said that the company would likely to revive the overhaul in March 2021.
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25 Nov 2020

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

Chinese buyers appear to slow down a little compared to the previous days as prices on the auction platform hit new highs.
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