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News Insight & Analysis

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Malaysian PVC market holds steady amid uncertainty ahead of Taiwanese price decision
22 Nov 2024 Meanwhile, expectations are growing for a heavy influx of Chinese PVC in the near future. With India introducing stricter trade barriers through the Quality Control Order (QCO) and potential anti-dumping duties, Chinese exporters are expected to redirect substantial volumes to other markets
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22 Nov 2024

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Chinese LLDPE film market surges for the third week, imports ride the wave

Since early October, the rapid depreciation of the yuan against the US dollar has discouraged many local traders from procuring large quantities from the import market due to higher restocking costs, with a sluggish local market in the background.
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22 Nov 2024 PET Bottle

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China’s local PET market topples after a brief rebound, hitting 2024 low

The market's downturn has caught many off guard, as earlier sentiment suggested a price floor had been established in late October, driven by the Chinese Yuan's continued depreciation against the US dollar.
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22 Nov 2024

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China’s import PE market diverged; buyers weighed fresh purchases

International suppliers started rolling out December shipment offers to China this week, and except for LLDPE film, most other PE grades faced tremendous downward pressure from the currency exchange issue.
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22 Nov 2024

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China Morning Snapshot – 22 November 2024

Market participants anticipate that Sinopec and CNPC will likely reduce their inventories to below the 600,000-ton threshold today, which could help sustain market firmness in the final week of November
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22 Nov 2024

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

The Shenhua auction platform closed today's session on a strong note, despite a lackluster Dalian Commodity Exchange. The CNY 60/ton price increase did not deter buyers, with LLDPE continuing its upward trajectory, achieving fully sold quantities.
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21 Nov 2024

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China Morning Snapshot – 21 November 2024

In the LLDPE film sector, trading activity remained robust, even as spot prices increased by another CNY 50/ton. While LLDPE film continues to exhibit strength, the broader market paints a mixed picture. Demand for other PE grades remains tepid, and the PP segment faces significant buyer resistance.
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21 Nov 2024 Propylene

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Asian propylene market nosedived on poor demand, comfortable supply conditions

The Asian propylene market plunged to its lowest levels in 11 months this week, pressured by sluggish demand and oversupply across the region. In stark contrast to the relatively stable ethylene market, propylene continues to grapple with bearish conditions that show little sign of easing.
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