China local PE market is at multi-year low levels, is the bottom near?

13 May 2019

China Morning Snapshot – 13 May 2019

The softer local prices contrast the depreciation of the Chinese Yuan, which usually push offers higher.

13 May 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:

10 May 2019 LL C4 Film PPH Raf SPVC k67-68

The 1909 for September delivery contract night trading on Dalian Commodity Exchange on 10 May 2019 settled as follows:

10 May 2019 LL C4 Film PPH Raf SPVC k67-68

The 1909 for September delivery contract on Dalian Commodity Exchange on 10 May 2019 settled as follows:

10 May 2019 LL C4 Film PPH Raf

As local homo-PP prices have been traded below the import offers, domestic suppliers are attempting to hold spot offers stable.

09 May 2019 SPVC k67-68

Indian buyers are waiting for overseas suppliers to open June shipment offers with firmer outlook.

09 May 2019

As the market revived from such minor impact, sources are expecting to see overseas sellers to lift June shipment offer in the coming week.

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