China Morning Snapshot – 24 July 2024

24 Jul 2024 Several local trading houses reported significant challenges in persuading PE customers to restock. The continuous price cuts eroded market confidence while fueling expectations that the recent downswing is nowhere near the bottom.

24 Jul 2024

24 July 2024 - Shenhua's coal-based PP and PE Auction Results

The auction result for coal-based LLDPE film plummeted this morning, with zero sales reported for the first time this year due to easing supply pressures and a weaker futures market.

23 Jul 2024 SPVC k67-68

Taiwanese major announces mixed August PVC offers to Asia reflecting shipping realities

Following some delays, a major Taiwanese producer has opened August PVC shipment offers to Asia with mixed pricing, reflecting the varied shipping conditions across different markets. While the new price list was welcomed in India, it met with stiff resistance from Southeast Asian buyers.

23 Jul 2024

China Morning Snapshot – 23 July 2024

The domestic spot market saw little improvement compared to the previous session. However, sources reported a relatively higher number of inquiries for PP cargoes than PE.

23 Jul 2024

23 July 2024 - Shenhua's coal-based PP and PE Auction Results

A mixed development was observed on the Shenhua Auction Platform on the second trading day of the week, with homo-PP achieving a strong number of deals while LLDPE film continued to lag. The significant discrepancy in transaction volumes between the two grades mirrors similar trading results on the Dalian Commodity Exchange.

22 Jul 2024

Saudi major trimmed August PE offers to Southeast Asia as demand weakness weighed

This marks the third consecutive month where the producer has set HDPE prices below those of LLDPE film, highlighting the persistent supply and demand disparity between the two grades. This pricing trend, prevalent in Southeast Asia, mirrors the situation in China.

22 Jul 2024 PPH Inj PPH Raf

Chinese suppliers continued cutting export PP offers as weak demand persists

The local Chinese PP market remained lackluster at the start of the week, as industry participants expressed dissatisfaction with the outcomes of the Third Plenum meeting and the Central Bank's unexpected rate cut.

22 Jul 2024

China Morning Snapshot – 22 July 2024

Several trading houses have noted a satisfactory volume of transactions during the early part of the trading day, although most deals were for smaller quantities.

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