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.

30 May 2024

Daily Market Wrap – China – 29 May 2024

The large stock depletion by Sinopec and CNPC in such a short period demonstrated that, despite most buyers not purchasing in bulk as previously discussed by CommoPlast, market players placed orders regularly.

29 May 2024

Daily Market Wrap – China – 28 May 2024

Compared to the PP sector, the local LDPE film market firms up at a more aggressive pace, gaining CNY100 – 200/ton from the previous day.

28 May 2024

Daily Market Wrap – China – 27 May 2024

In the import market, most overseas suppliers were bumping up the price list. Despite this, Chinese buyers were still making purchases, suggesting an easing in price resistance.

27 May 2024

Daily Market Wrap – China – 24 May 2024

The LDPE film market remained in focus. The continued export/re-export activities amid healthier profit margins are expected to further curtail local availability moving forward, which inevitably push spot prices higher, market sources said.

23 May 2024

Daily Market Wrap – China – 22 May 2024

It is interesting that an increasing number of export and re-export LDPE film cargoes from China are showing up in Vietnam, where supply shortage has pushed import LDPE film offers above the $1300/ton threshold for certain grades.

22 May 2024

Daily Market Wrap – China – 21 May 2024

The primary focus of the PE sector in today’s trading session is the rising import offers from several other overseas suppliers. Development is well expected considering the strong acceptance among Chinese customers observed earlier this week.

21 May 2024

Daily Market Wrap – China – 20 May 2024

In fact, buyers reluctantly sourced materials on a hand-to-mouth basis to maintain safe inventory levels for immediate production needs. However, concerns over the rally's sustainability discouraged stockpiling.

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