24 Sep 2024
Key contracts for PP and LLDPE on the Dalian Commodity Exchange showed gains throughout the morning session, lending support to market sentiment on the Shenhua Auction Platform. However, the impact on purchasing interest for coal-based PP and PE cargoes has been mixed.
23 Sep 2024
Despite having limited availability, a major Saudi Arabian producer surprisingly rolled over PE offers from the previous month to Vietnam for October loading. Weak demand and falling upstream costs were cited as the main reasons for the conservative price decision.
23 Sep 2024
Chinese PP producers have maintained a firm stance on export prices this week, despite diminishing overseas demand and intensifying competition. The continued strength of the Yuan against the US dollar is exacerbating export challenges, preventing producers’ ability to deplete their stocks ahead of the weeklong National Day holiday.
23 Sep 2024
23 Sep 2024
Shenhua Auction Platform concluded the first trading session of the week on a mixed note, reflecting the demand disparities between the grades. While LLDPE secured a satisfactory number of transactions, Chinese bidders were unfazed by the presence of lower-priced homo-PP cargoes.
20 Sep 2024
In September, the Taiwanese maker opened its price list to Southeast Asia at $805/ton based on CIF terms. Sources expect that new offers for October loading would drop sharply to close the existing price gap with Chinese cargoes.
20 Sep 2024 SPVC k67-68 SPVC (A) k67-68
Market analysts attribute this slight uptick in sentiment to the Chinese government’s renewed efforts to revive the ailing property sector, including the relaxation of purchasing restrictions for non-local buyers in key cities like Beijing and Shanghai.
