Daily Market Wrap – China – 30 April 2024

Better demand from the packaging sector coupled with reduced availability stemming from a series maintenance shutdown encouraged buyers to pursue fresh replenishment.

29 Apr 2024

Daily Market Wrap – China – 29 April 2024

Data from CommoPlast showed that LDPE film offers based on EXW China terms are now at the highest levels since mid-October 2022.

29 Apr 2024

Daily Market Wrap – China – 26 April 2024

As reported earlier, expectations on tightening supply outlook stemming from a series of maintenance shutdown among local plants in addition to reduced import arrivals played a vital role in pushing the market higher.

22 Apr 2024

Daily Market Wrap – China – 22 April 2024

Market participants indicated a stable number of end-product orders for commercial PE packaging, which would add support to the current firming trend in the raw material market in the near term.

19 Apr 2024

Daily Market Wrap – China – 19 April 2024

In South China, visits to PP and PE converters revealed a mixed picture. Large-scale exporters saw upticks in orders, while those serving the local market, particularly in single-use plastics and mall packaging, faced sluggish sales.

19 Apr 2024

Daily Market Wrap – China – 18 April 2024

The near-term market outlook is not strong with the impending week-long ChinaPlas exhibition, followed by five days of Labour Day break. Supply pressure might increase in May, and yet, sellers eschewed the idea of lowering spot prices at the moment.

18 Apr 2024

Daily Market Wrap – China – 17 April 2024

Manufacturers reported a steep reduction of up to 25% in export orders despite an encouraging number of foreign buyers attending the Canton fair.

17 Apr 2024

Daily Market Wrap – China – 16 April 2024

Arbitrage traders vigilantly monitored the price gaps between the Dalian Commodity Exchange and spot market and would only consider replenishment if the difference was between CNY100 – 150/ton

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