Chinese PET bottle suppliers slashed export offers; more active negotiations observed in SEA

19 Sep 2024 The upstream PTA market continues to struggle under the weight of excessive supply, with no signs of production cuts from major producers. This market weakness is casting a long shadow over the downstream PET bottle sector.

19 Sep 2024 LL C4 Film PPH Raf

China Morning Snapshot – 19 September 2024

Trading sentiment in China’s local market has visibly strengthened compared to the previous session, driven by expectations of a quicker global economic recovery after the recent rate cuts.

19 Sep 2024

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

Buying interest for LLDPE remained robust, with no additional discounts offered on auction prices, reflecting solid demand. In contrast, Shenhua introduced a modest CNY 50/ton discount on homo-PP, successfully stimulating demand in that segment.

18 Sep 2024 PPH Inj PPH Raf

Chinese PP exports steadied amid weak overseas demand, narrow margins

Despite the subdued domestic demand and mounting pressure to meet sales targets ahead of the National Day holiday, Chinese suppliers remain resistant to large discounts, citing the already narrow margins.

18 Sep 2024

China Morning Snapshot – 18 September 2024

As anticipated, Chinese buyers returned from the holiday with a reserved approach, heightened by the uncertainty surrounding the Federal Reserve’s interest rate decision.

18 Sep 2024 Ethylene

Asian ethylene market extended the weakening trend amid weak downstream demand

Despite the recent decline in naphtha costs, sellers remain unwilling to lower ethylene prices, attributing their reluctance to the volatility in crude oil futures, which they argue could trigger unpredictable swings in naphtha prices.

18 Sep 2024

18 September 2024 - Shenhua's coal-based PP and PE Auction Results

Stable demand from the agricultural film sector provided robust support for coal-based LLDPE, as reflected in the strong auction results. In contrast, the homo-PP auction struggled, even after a CNY 80/ton discount from the previous session failed to stimulate sufficient buyer interest.

17 Sep 2024 LL C4 Film

Vietnamese LLDPE film market holds firm as spot supply tightened

Despite sluggish trading sentiment in Northern Vietnam, partly due to disruptions caused by Typhoon Yagi, the Vietnamese LLDPE film market has remained stable with a slight upward trend this week.

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