Daily Market Wrap – China – 13 June 204

There have also been discussions on the supply outlook in July – August with market participants expecting heavy import arrivals from the latest replenishment activity wave.

12 Jun 2024

Daily Market Wrap – China – 12 June 2024

Chinese market participants expect the LLDPE and HDPE sector to hold steady in the near term, balancing between the soft demand condition and tighter spot availability in the local ground

12 Jun 2024

Daily Market Wrap – China – 11 June 2024

The import market is calm with limited new offers from overseas producers. However, the general expectations are that the July shipment price announcement would like to track the firming trend, albeit at a slower pace compared to the previous month.

10 Jun 2024

Daily Market Wrap – China – 07 June 2024

The heightening shipping challenges are expected to curtail selling opportunities throughout the month of June, which in turn, would exert downward pressure on the local market.

07 Jun 2024

Daily Market Wrap – China – 06 June 2024

According to market sources, ocean freight rates from China started to ease as brokerage firms offer discounts on available slots after the recent skyrocketed booking fees suppressed demand.

05 Jun 2024

Daily Market Wrap – China – 05 June 2024

In the PE sector, the uptrend in the LDPE film market has not shown any signs of slowing down regardless of the unfavourable external environment. Spot offers below CNY10,000/ton including VAT are scarce at the time of this report, marking the highest level in nearly two years.

04 Jun 2024

Daily Market Wrap – China – 04 June 2024

The bearish development in the local market encouraged overseas suppliers to take a step back to assess the buyer acceptance and near-term direction before announcing new price lists.

04 Jun 2024

Daily Market Wrap – China – 03 June 2024

On the other hand, Chinese trading houses claimed that ocean freight rates from China’s main ports to Indonesia have reached $60-70/ton due to vessel and container shortages. Export opportunities are deteriorating rapidly.

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