Daily Market Wrap – China – 09 July 2024

In the import market, two Middle Eastern producers have opened homo-PP offers at $920/ton CFR China, which is slightly lower than the previous price announcement. At least one producer has agreed to close deals with additional discounts

09 Jul 2024

Daily Market Wrap – China – 08 July 2024

Local buyers took advantage of the situation, negotiating aggressively for larger discounts but refrained from making significant replenishments due to continued sluggish demand for finished goods.

08 Jul 2024

Daily Market Wrap – China – 05 July 2024

The polyethylene (PE) market has mirrored the PP sector in terms of demand, with no significant changes noted on the final trading day of the week, despite additional discounts across all film grades.

05 Jul 2024

Daily Market Wrap – China – 04 July 2024

Previously bullish expectations for the near-term outlook, influenced by the upcoming Third Plenary Session, have now subsided. Buyers are exercising caution in replenishing stocks due to continued weak demand

04 Jul 2024

Daily Market Wrap – China – 03 July 2024

In the PE market, significant attention has been drawn to the emergence of competitive South Korean cargoes, which have garnered substantial buying interest.

03 Jul 2024

Daily Market Wrap – China – 02 July 2024

Despite stronger futures contracts on the Dalian Commodity Exchange, the market remained anchored by the off-peak season in both the agricultural film and packaging sectors.

02 Jul 2024

Daily Market Wrap – China – 01 July 2024

Several factors contributed to this bullish sentiment, including a resilient futures market, reduced spot availability due to a series of unplanned shutdowns at local plants, and stable buying activities

28 Jun 2024

Daily Market Wrap – China – 28 June 2024

The domestic homo-PP market ended the final trading day of the month on a positive note, buoyed by robust futures contracts on the Dalian Commodity Exchange and effective inventory reduction among Chinese producers.

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