Jul 27, 2024 11:45 a.m.
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Market Wrap Daily Polyolefins Market

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Daily Market Wrap – China – 17 May 2024
The rise in local prices toward the weekend encouraged buyers here to seek import cargoes with a satisfactory number of transactions observed.
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17 May 2024

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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.
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16 May 2024

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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.
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15 May 2024

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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.
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14 May 2024

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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.
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13 May 2024

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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.
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09 May 2024

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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.
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08 May 2024

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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.
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