China PP market rebounded on better demand but buyers remain cautious

21 Jun 2019

China Morning Snapshot – 21 June 2019

It appears that traders are optimistic about the near term outlook citing the support from energy complex and futures trading.

21 Jun 2019 HD Film (CTO/MTO) LD Film (CTO/MTO) LL C4 Film (CTO/MTO) PPH Raf (CTO/MTO)

Auctions sales result for Shenhua’s coal-based polyolefin products in domestic China are as following:

20 Jun 2019 LL C4 Film PPH Raf SPVC k67-68

The 1909 for September delivery contract night trading on Dalian Commodity Exchange on 20 June 2019 settled as follows:

20 Jun 2019 LL C4 Film PPH Raf SPVC k67-68

The 1909 for September delivery contract on Dalian Commodity Exchange on 20 June 2019 settled as follows:

20 Jun 2019

Players believed that market is set to rebound in the near term if there is more good news from the meeting between China and USA.

20 Jun 2019 HD Film (CTO/MTO) LD Film (CTO/MTO) LL C4 Film (CTO/MTO) PPH Raf (CTO/MTO)

Auctions sales result for Shenhua’s coal-based polyolefin products in domestic China are as following:

19 Jun 2019 HD Film LD Film LL C4 Film

The latest offers see further reduction on HDPE and LDPE film while LLDPE film grade inches slightly higher.

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