Strong emergence of South Korean PP and PE in China sparks concerns over near-term outlook

03 Jul 2024 While some industry insiders have noted easing booking fees from China’s main ports to several routes, South Korean sellers have not experienced the same relief.

03 Jul 2024 PPH Inj PPH Raf

Chinese suppliers lifted export PP offers as the local market rose to multi-month highs

The market is in mid of the seasonal lull, prompting a number of small-scale manufacturers to temporarily halt production to manage rising finished goods inventories.

03 Jul 2024

China Morning Snapshot – 03 July 2024

Many small-scale converters in both the PP and PE sectors have reduced operating rates to manage accumulating finished goods inventory

03 Jul 2024

03 July 2024 - Shenhua's coal-based PP and PE Auction Results

The coal-based producer implemented a CNY 50/ton increase in auction prices for both PP and PE cargoes. Despite this hike, buyers found these parcels more attractive than spot materials.

02 Jul 2024

China Morning Snapshot – 02 July 2024

A sustained rise in the futures market and a rapid drawdown in inventory provide a solid foundation for Chinese producers to raise spot polypropylene (PP) and polyethylene (PE) offers.

02 Jul 2024

02 July 2024 - Shenhua's coal-based PP and PE Auction Results

Interestingly, the coal-based producer opted for a more conservative stance by maintaining auction prices stable regardless of the rising futures contract on the Dalian Commodity Exchange.

01 Jul 2024

Price List: Zhongjing rollover export PP offers amid challenging overseas market conditions

A source close to the producer expressed concerns about securing deals, citing high ocean freight rates as a significant obstacle.

01 Jul 2024

China Morning Snapshot – 01 July 2024

The upcoming Third Plenum, scheduled for 15-18 July, where top Chinese officials will meet to set short- and long-term economic policies, is fueling optimism.

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