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News Insight & Analysis

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Singaporean producer slashes PE offers to China
11 May 2021 In the meantime, the supplier has also reduced offers for cargoes from the Saudi Arabia plant, though the extent of reduction is much smaller than cargoes from the Singapore plant.
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11 May 2021

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China Morning Snapshot – 11 May 2021

It becomes evident that Chinese buyers could not accept more than three consecutive days of price hike.
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11 May 2021

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Asian ethylene market surges on tighter supply, better demand

From the supply side, several major steam cracker operators in Fareast and Southeast Asia region would enter maintenance season between May to July, curtailing the spot availability.
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11 May 2021

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11 May 2021: Auction sales result for Shenhua's coal-based PP and PE

Transactions fell sharply on the second trading day of the week, signaling that Chinese buyers are withdrawing to the sideline after a brief panic buying.
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10 May 2021

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Local PP and PE offers in Indonesia continues to slide

In the meantime, sources said that offers in the distribution market are more competitive, which could pressure the producer to further step back on the price list to attract buying interest.
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10 May 2021

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Import homo-PP to Vietnam hit new benchmark as the market persists on the downtrend

Several buyers have agreed to off-take larger quantities, concerning that the resilient upstream propylene market, coupled with the firm Chinese materials could support a rebound.
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10 May 2021

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Chinese suppliers slowdown homo-PP export on thinning margins

The firming local market contrast to the weakening sentiment in Southeast and South Asia, narrowing the opportunity window for Chinese suppliers to export cargoes to these markets with reasonable profit margins.
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10 May 2021

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China Morning Snapshot – 10 May 2021

Local producers maintain a firm stance on the prices claiming the low inventories pressure after the holiday, however, traders and distributors started to report resistance from buyers.
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