Daily Market Wrap – China – 05 June 2023

The local PP market inches CNY50/ton higher on the first trading day of the week, shrugging off the soft futures trading as suppliers leverage the reduced inventory pressure and positive economic data.

23 May 2023

Daily Market Wrap – China – 23 May 2023

The highlight of the PE market on the second trading day of the week is the emergence of more import cargoes at sharply lower levels compared to the previous week. Indeed, Singaporean metallocene PE (mPE) plunged $90-100/ton

22 May 2023

Daily Market Wrap – SEA – 22 May 2023

In Southeast Asia, the import PP market opens the week on a soft note with Vietnamese buyers reported having received offers for Chinese yarn and injection cargoes below the $950/ton mark

22 May 2023

Daily Market Wrap – China – 22 May 2023

Sources said that trading activities come close to zero throughout the first half of the trading day as the US failed to reach an agreement to lift the debt ceiling, fueling the risks of default this June.

17 May 2023

Daily Market Wrap – China – 17 May 2023

The HDPE film market – once traded at a premium over LLDPE and LDPE film due to the supply tightness stemming from a series of overseas plant shutdowns, started showing signs of weakness.

16 May 2023

Daily Market Wrap – China – 16 May 2023

Following days of tracking the downtrend, key PP and LLDPE contracts on Dalian Commodity Exchange registered minor increases on the second trading day of the week, which encourage local suppliers to maintain spot offers stable despite the bloated inventory levels.

15 May 2023

Daily Market Wrap – China – 15 May 2023

Without a strong uptick in demand, local stocks belonging to Sinopec and CNPC are piling up rapidly, fueling speculations that the downtrend might persist in the near term, especially when the futures market does not provide any support.

09 May 2023

Daily Market Wrap – China – 9 May 2023

Meanwhile, the HDPE market starts showing signs of softening following weeks of being traded at premium over other PE film grades due to tight global supply.

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