Daily Market Wrap – China – 15 March 2024

Chinese market participants have diverged expectations on both PP and PE. Sources foresee stronger support for PP to continue to firm up given a series of local and regional plant shutdowns that curtail supply, which the PE market lacks.

14 Mar 2024

Daily Market Wrap – China – 14 March 2024

In the meantime, transactions are mediocre in the export ground. The rising local market limit Chinese suppliers’ ability to offer larger discounts to international buyers, which hurdle the deal process.

13 Mar 2024

Daily Market Wrap – China – 13 March 2024

The domestic PE market gained another CNY50/ton from the previous session in suppliers’ attempt to test the market responses amid the rebounded Dalian Commodity Exchange.

12 Mar 2024

Daily Market Wrap – China – 12 March 2024

Adding to the confidence among Chinese sellers is the steady export activities with satisfactory transactions reported for cargoes destined for South Africa and certain regions in South Asia.

07 Mar 2024

Daily Market Wrap – China – 06 March 2024

For the first time this week, key local PP suppliers in China agreed to CNY50/ton discounts on spot cargoes amid the constant fall in futures trading on the Dalian Commodity Exchange.

06 Mar 2024

Daily Market Wrap – China – 05 March 2024

A brief survey among 20 BOPP film/sheet makers found that 75% of these companies have not received sufficient end-product orders in the post-Lunar New Year holiday

04 Mar 2024

Daily Market Wrap – China – 04 March 2024

The domestic spot PP market kickstarted the week on a stable note as key local producers shrugged off the weak buying interest and the soft futures market to focus more on manageable inventory levels.

26 Feb 2024

Daily Market Wrap – China – 26 Feb 2024

The domestic spot PP market has been constant since last Friday with just a small percentage of cargoes experiencing mild discounts in the afternoon due to some retreated PP futures as well as poor market responses.

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