Daily Market Wrap – China – 16 May 2024

Meanwhile, demand from the packaging sector remains relatively satisfactory thanks to the upcoming mini Singles' Day online shopping spree and the uptick in summer food and beverage demand.

16 May 2024

Daily Market Wrap – China – 15 May 2024

In spite of the improving local supply, heightening export challenges amid the off-peak demand season, Chinese suppliers refused to concede to large discounts with spot offers fluctuating in the range of CNY50/ton.

15 May 2024

Daily Market Wrap – China – 14 May 2024

Data from CommoPlast showed that the production ratio for homo-PP yarn among local Chinese plants has recovered to nearly 32% of the total PP outputs compared to 18% in late April.

14 May 2024

Daily Market Wrap – China – 13 May 2024

New import offers are limited on the first trading day of the week with a coupled of sellers surveying the market to gauge the acceptance levels before announcing June shipment offers.

13 May 2024

Daily Market Wrap – China – 09 May 2024

Compared to the PP market, Chinese buyers believed that the PE sector has a slimmer chance for a price correction given the supply tightness. Nevertheless, the nosedived ethylene costs might encourage buyers to negotiate fiercely for discounts.

09 May 2024

Daily Market Wrap – China – 08 May 2024

Apparently, an increasing number of market participants complained about the tightening homo-PP yarn supply this week, which partially contributed to the continued replenishment activities and firmer prices.

08 May 2024

Daily Market Wrap – China – 07 May 2024

On the contrary, the handful number of new HDPE and LLDPE film offers to China track stable to softer trend, though deals have also been concluded.

07 May 2024

Daily Market Wrap – China – 06 May 2024

Apparently, most concluded transactions were characterised by need-based purchases and primarily occurred between arbitrage traders and buyers engaging with discounted cargoes.

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