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News Insight & Analysis

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China Morning Snapshot – 03 June 2024
03 Jun 2024 The CNY50/ton discounts, according to maket sources, did not yield much buying interest, and therefore, traders must provide additional room for negotiations before deals are achieved.
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03 Jun 2024

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

The auction results for coal-based cargoes were mediocre despite the CNY130/ton drop in pricing for LLDPE cargoes.
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31 May 2024

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China Morning Snapshot – 31 May 2024

Over the past couple of weeks, Chinese buyers have been actively making replenishments from the import market.
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31 May 2024

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31 May 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded the final trading day of the month on a mixed note with homo-PP achieving strong sales result while LLDPE witnessing a drastic drop even with the lowered auctioned volume.
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30 May 2024

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Saudi Aramco keeps June propane contract price unchanged despite comfortable supply

Industry insiders blamed the comfortable supply condition and reduced demand for heating fuel during the summer for the producer’s inability to uplift the offer.
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30 May 2024

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China Morning Snapshot – 30 May 2024

The Chinese government has outlined the action plan for decarbonisation in 2024 and 2025, which include “strictly and rationally” controlling coal consumption
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30 May 2024

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30 May 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform remained strong toward the month-end, driven by fear over the new carbon emission policies that target the coal-based petrochemical sector.
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29 May 2024

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China Morning Snapshot – 29 May 2024

The slight adjustment in spot PP offers did not stimulate buying interest among local converters as much as suppliers hoped for.
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