Nov 23, 2024 1:25 a.m.
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Market Wrap Daily Polyolefins Market

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Daily Market Wrap – China – 17 May 2023
The HDPE film market – once traded at a premium over LLDPE and LDPE film due to the supply tightness stemming from a series of overseas plant shutdowns, started showing signs of weakness.
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16 May 2023

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Daily Market Wrap – China – 16 May 2023

Following days of tracking the downtrend, key PP and LLDPE contracts on Dalian Commodity Exchange registered minor increases on the second trading day of the week, which encourage local suppliers to maintain spot offers stable despite the bloated inventory levels.
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15 May 2023

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Daily Market Wrap – China – 15 May 2023

Without a strong uptick in demand, local stocks belonging to Sinopec and CNPC are piling up rapidly, fueling speculations that the downtrend might persist in the near term, especially when the futures market does not provide any support.
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09 May 2023

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Daily Market Wrap – China – 9 May 2023

Meanwhile, the HDPE market starts showing signs of softening following weeks of being traded at premium over other PE film grades due to tight global supply.
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05 May 2023

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Daily Market Wrap - China - 5 May 2023

There have been market talks that demand from the packaging sector started showing signs of improvement in the Southern region this week. The uptick is, however, meagre – which provides limited support to sellers to introduce any large increases immediately.
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25 Apr 2023

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Daily Market Wrap – China – 25 Apr. 2023

Meanwhile, the import PE market portrays a clear sign of stabilization as more overseas sellers announce new offers to China. Latest offers from a Qatari producer see a $5/ton increase from earlier this month
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24 Apr 2023

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Daily Market Wrap – China – 24 Apr. 2023

Following several weeks of tracking the softening trend, overseas suppliers started to introduce a firmer stance on import LLDPE film offers to China this week.
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18 Apr 2023

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Daily Market Wrap – China – 18 Apr. 2023

Though the local market has shown signs of stabilization, it might still be challenging for international suppliers to achieve satisfactory deals in this market, unless this group of sellers are willing to compress their margins.
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