Nov 21, 2024 2:24 p.m.
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News Insight & Analysis

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Taiwanese major postponed December PVC price announcement, Asian market divided on near-term trend
20 Nov 2024 Nevertheless, Indian buyers do not expect any sharp spike in the new offers, as the overall supply in the local market is comfortable at the moment. According to market sources, PVC imports into India exceeded
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20 Nov 2024

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China Morning Snapshot – 20 November 2024

While the rebound in the Dalian Commodity Exchange and manageable inventory levels supported the domestic spot market, Chinese suppliers exhibited a surprisingly conservative approach
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20 Nov 2024

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20 November 2024 - Shenhua's coal-based PP and PE Auction Results

With key futures contracts on the Dalian Commodity Exchange extending their upward trajectory—most notably LLDPE contracts reaching their highest levels since July 2024—Chinese buyers displayed increased interest in securing coal-based parcels on the Shenhua Auction Platform.
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19 Nov 2024 PPH Inj PPH Raf

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Chinese suppliers scaled back on export PP price reductions amid stabilizing local front

After aggressive price reductions in the prior week, Chinese PP suppliers have begun moderating their discount strategies for international buyers. This shift reflects a stabilizing domestic market, which has diminished sellers' willingness to concede to deeper price cuts.
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19 Nov 2024

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China Morning Snapshot – 19 November 2024

Despite the stronger futures market in the morning, major local producers opted not to immediately raise spot PP and PE prices. However, expectations are building for price hikes later in the day.
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19 Nov 2024 Naphtha

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Asian naphtha market hit a 2-month low, with a possible breach of the $600/ton threshold

Weak downstream demand, combined with volatility in the energy sector, has been the main driver of bearish sentiment. Market participants are now closely monitoring the potential for prices to dip below the $600/ton threshold in the near term.
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19 Nov 2024

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19 November 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua achieved strong auction results for the second consecutive trading day this week, driven by a CNY 50/ton discount on coal-based LLDPE and support from firming futures contracts on the Dalian Commodity Exchange.
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18 Nov 2024

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Indonesian producer holds PP, PE offers steady amid tightening market conditions

A major Indonesian petrochemical producer has kept its weekly PP and PE offers largely stable, with modest increases of $19-20/ton applied to metallocene PE (mPE) and HDPE blow molding grades.
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