Daily Market Wrap – China – 15 April 2024

A survey conducted among PP and PE converters in the packaging sector found that many large-scale manufacturers have stable end-product orders,

15 Apr 2024

Daily Market Wrap – China – 12 April 2024

Chinese PE suppliers continued leveraging the tightening supply outlook as heavy maintenance shutdown season in May coupled with restraint import arrival in focus.

11 Apr 2024

Daily Market Wrap – China – 11 April 2024

Meanwhile, the export market is soft. Regardless of the rising local offers and the futures contracts, more Chinese producers are willing to soften their stance on export PP prices.

10 Apr 2024

Daily Market Wrap – China – 09 April 2024

Regardless of the sluggish demand conditions, market sources expected the current gradual firming trend to persist moving forward citing the reduced availability.

09 Apr 2024

Daily Market Wrap – China – 08 April 2024

In spite of the fact that local inventories had once again risen above the 800,000 tons threshold, local suppliers maintain a firm stance on spot PE cargoes, introducing some CNY50/ton hikes compared to Sunday, 7 April 2024.

03 Apr 2024

Daily Market Wrap – China – 02 April 2024

There have been reports that in the food packaging sector, end-product buyers are diverting away from long-term contracts, instead, turning to spot purchases amid a highly volatile market.

02 Apr 2024

Daily Market Wrap – China – 01 April 2024

This week is a short trading week due to the Tomb Sweeping Festival in local China and the impending Ramadan holiday overseas. Chinese suppliers naturally attempted to secure more businesses before the break.

29 Mar 2024

Daily Market Wrap – China – 28 March 2024

The export market is mixed toward the weekend. While several others opted to take a backseat, a key Chinese producer promptly adjusted export offers by $5/ton lower than the previous session

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