China Morning Snapshot – 22 April 2020

22 Apr 2020

A confluence of negativities dries out the steam of the rally in import PE to China

The ethylene costs are at historical lows as supply remains ample amid dwindled purchasing interest from most downstream markets.

21 Apr 2020

A number of buyers decided to suspend spot purchases to wait for a clearer market direction.

21 Apr 2020

Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries.

21 Apr 2020

Both side of the market participants are withdrawing to the sideline to assess the outlook before engaging in new purchases.

20 Apr 2020 SPVC k67-68

Due to the nationwide lockdown in India until 3 May 2020, the producer reportedly skips all offerings to this market this time.

20 Apr 2020

A Saudi Arabia producer has pioneered price reduction in May shipment to the Southeast Asia market on the back of sluggish demand.

20 Apr 2020

This is the third consecutive reduction since February 2020 as the regional demand weakened by the pandemic.

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