14 Jan 2025
14 Jan 2025
The Shenhua Auction Platform displayed divergent trading dynamics, with homo-PP garnering relatively robust demand, buoyed by resilience in the futures market. Despite a CNY 50/ton increase in auction prices, buying interest for homo-PP remained strong,
13 Jan 2025
A major Saudi Arabian producer has announced new PE offers for February shipments to Vietnam with a $20/ton increase compared to January. The price adjustment comes amid tightened supply attributed to a recent production issue.
13 Jan 2025
From the supplier's perspective, rising upstream costs and a weak Rupiah against the US dollar have significantly driven up production expenses. For naphtha-based producers, the inability to pass these additional costs on to buyers presents a serious challenge to long-term financial sustainability.
13 Jan 2025
Despite the firming futures market, sentiment in the domestic spot market remained mixed, with LLDPE film extending a downward correction. Spot LLDPE film offers fell by another CNY 50-100/ton, weighed by new supply from Shandong Yulong Petrochemical’s new million-ton-per-annum swing facilities entered the market.
13 Jan 2025
Shenhua concluded the first trading session of the week on a mixed note, as contrasting factors shaped market sentiment across segments. A strong performance in futures contracts on the Dalian Commodity Exchange lent support to the homo-PP market.
10 Jan 2025 SPVC k67-68 SPVC (A) k67-68
Southern China saw particularly robust trading activity as buyers engaged in pre-Lunar New Year stock replenishments, taking advantage of current attractive price levels. Several trading houses reported satisfactory transaction volumes
