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China Morning Snapshot – 16 June 2021
16 Jun 2021 The slight upward adjustments for both PP and PE cargoes face stiff resistance from buyers, from which most deals in the distribution market are at unchanged levels from the previous day.
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16 Jun 2021

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A new wave of COVID-19 infection pushes Indonesian PP, PE buyers to the sideline

In the local market, traders are racing to lower offers, especially for PE cargoes due to the more comfortable supply condition, in order to deplete the inventories.
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16 Jun 2021

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16 June 2021: Auction sales result for Shenhua's coal-based PP and PE

Chinese bidders are more confident in making purchases though prices remain largely unchanged from the previous session.
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15 Jun 2021

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Import PP and PE market continues to track stable to softer trend in China

The post-holiday stock levels are manageable, which means local sellers might attempt to keep offers firm in the coming days.
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15 Jun 2021

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China Morning Snapshot – 15 June 2021

There is limited movement on the first trading day of the week as players await important announcements from the Production Safety Conference in Beijing.
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15 Jun 2021

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15 June 2021: Auction sales result for Shenhua's coal-based PP and PE

Chinese bidders remain cautious on the first trading day after the long weekend holiday, reflected in the moderate number of transactions.
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14 Jun 2021

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South Korea’s GS Caltex started marketing HDPE cargoes from new plant

The new plant is a 50-50 joint venture between GS Energy Corp. and Chevron Corp., costing 2 trillion won ($1.84 billion) that started construction work in 2019.
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14 Jun 2021

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Local PP and PE market in Indonesia registered another round of reductions

In spite of the sharp price cuts, sources said that the producer’s price list remains well above the distribution market, which encourage buyers to hold the wait-and-see position.
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