Daily Market Wrap – China – 29 Nov. 2023

As reported earlier, despite the steep reductions in the stocks belonging to Sinopec and CNPC, the overall PP supply in China is comfortable at the moment. The country produced 2.9 million tons of PP in the month of October

28 Nov 2023

Daily Market Wrap – China – 28 Nov. 2023

The location gap between China and the nearby Vietnamese market has narrowed significantly and even turned non-existence in some cases.

27 Nov 2023 LL C4 Film BOPP PPH Raf

Daily Market Wrap – China – 27 Nov. 2023

It is noted that international producers are exploring alternative markets, with reports indicating a preference for selling to regions like Europe and South America, where higher premium deals can be secured compared to the Chinese market.

24 Nov 2023 HD Film LL C4 Film PPH Inj PPH Raf

Daily Market Wrap – China – 24 Nov 2023

Some traders are suggesting a cautious approach, emphasizing the need for further monitoring to assess whether next week will see a more substantial rebound in both futures and the local market.

22 Nov 2023

Daily Market Wrap – China – 22 Nov. 2023

Meanwhile, buyers are in talks with Vietnamese suppliers for homo-PP cargoes from this origin at $900/ton CFR China. No immediate deals are reported due to a large buying-selling price gap

21 Nov 2023

Daily Market Wrap – China – 21 Nov. 2023

However, buyers remained largely conservative to assess the market outlook further, leaving the market with disappointing number of real transactions.

20 Nov 2023

Daily Market Wrap – SEA – 20 Nov. 2023

Several other Middle Eastern producers are planning to open new price lists within this week. At least two producers told CommoPlast of their plans to keep the new offers stable compared to deal levels done for November.

20 Nov 2023

Daily Market Wrap – China – 20 Nov. 2023

The favorable exchange rates have also created a more conducive environment for importing, prompting buyers here to assess potential deals. However, new import offers are limited at the moment.

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