Daily Market Wrap – China – 14 Nov. 2023

The domestic spot market extended the weakening trend on the second day of the week with offers falling another CNY50/ton on the back of the dwindling futures market and sluggish demand conditions.

13 Nov 2023

Daily Market Wrap – SEA – 13 Nov. 2023

Southeast Asian buyers are on the watch for new offers from international suppliers, though, like the PP market, players believed that the active buying in China last week might exert a limited impact on Southeast Asia.

07 Nov 2023

Daily Market Wrap – SEA – 07 Nov. 2023

As discussed in the previous session, international suppliers are keeping an eye on the presence of Chinese materials to gauge the near-term outlook while hoping for stabilisation.

07 Nov 2023

Daily Market Wrap – China – 07 Nov. 2023

The futures market loses momentum on the second trading day of the week following disappointing export data for October. In fact, year-on-year basis, China’s exports have been declining since May this year as a result of weak overseas demand.

06 Nov 2023

Daily Market Wrap – SEA – 06 Nov. 2023

In Southeast Asia, new import offers are limited on the first trading day of the week, though given the lack of strong purchasing interest and the volatile energy complex, buyers believed further price cuts are inevitable.

06 Nov 2023

Daily Market Wrap – China – 06 Nov. 2023

The local PP market carries forward the firming trend reported late last week thanks to the bullish development on the ...

24 Oct 2023

Daily Market Wrap – SEA – 24 October 2023

In the PE sector, negotiations are still ongoing for November shipments after key Middle Eastern suppliers opened new price list in the previous trading session with reductions.

24 Oct 2023

Daily Market Wrap – China – 24 October 2023

Regardless of the soft purchasing interest, the total PP and PE stocks belonging to Sinopec and CNPC fell as much as 40,000 tons to approximately 735,000 tons as of 25 October 2023.

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