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News Insight & Analysis

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China Morning Snapshot – 27 November 2024
27 Nov 2024 Market participants appeared unfazed by the stable inventory figures, attributing the development to domestic producers withholding spot allocations after a significant inventory drawdown earlier in the week.
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27 Nov 2024

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27 November 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded another auction session with robust results, supported by significantly reduced supply and a resilient domestic spot market. Despite volatility in Dalian Commodity Exchange futures
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26 Nov 2024 SPVC k67-68

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Taiwanese major announced December PVC shipment on a mixed note to Asia

A major Taiwanese producer has announced its December PVC shipment offers to Asia on a mixed note, as the maker navigates increasingly divergent demand conditions across the region. Initial buyer responses have been lukewarm amid the challenging external environment
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26 Nov 2024 HD Film LD Film LL C4 Film

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Saudi producers trimmed December PE shipment offers to Vietnam as exchange issues, competition dragged

The price cuts are attributed to intensifying competition and ongoing exchange rate challenges. Despite these hurdles, Vietnamese buyers have actively engaged in negotiations, indicating underlying demand in the market.
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26 Nov 2024

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China Morning Snapshot – 26 November 2024

At the current pace, market sources believe that local inventories could dip below the critical 600,000-ton threshold by the weekend, potentially bolstering sentiment for December trading.
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26 Nov 2024

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26 November 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform performed robustly for a second consecutive day, with all grades sold out. Trading sentiments were bolstered by gains on the Dalian Commodity Exchange as well as attractive rates as compared to the spot market
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25 Nov 2024

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Malaysia PP and PE trended higher in Indonesia as tighter availability outweighed soft demand

The Southeast Asian PP and PE market has been grappling with tighter availability in recent weeks, attributed to several ongoing and planned plant shutdowns across the region.
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25 Nov 2024

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Exchange rates, tighter overseas supply push local PP, PE markets in Indonesia higher

At the start of the week, a leading Indonesian producer raised spot PP and PE offers in the local market, citing the continued depreciation of the Rupiah against the US dollar and reduced availability of ASEAN-origin materials. The producer appeared more optimistic about the PP segment
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