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Price List: Zhongjing Petrochemical initiates price hike of $5/ton on supply constraints
27 May 2024 Initial responses among Southeast Asian buyers are rather subdued. Higher export offers coupled with the surging shipping costs make it more expensive for overseas buyers
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27 May 2024

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Drastic surge in Vietnamese LDPE market attract exports from China

The Vietnamese LDPE film market registered a drastic surge this week after a major Saudi Arabia producer introduced $140 – 150/ton hike on June shipment offers compared to last month’s list price.
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27 May 2024

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China Morning Snapshot – 27 May 2024

As reported earlier, Chinese buyers believed that local suppliers are growingly facing inventory pressure citing the current stock levels are way above the psychological threshold of 800,000 tons.
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27 May 2024

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

Despite the continued rising futures contracts on the Dalian Commodity Exchange, Shenhua decided to roll over deal prices from the previous session, except LLDPE gaining just CNY10/ton
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25 May 2024

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Mixture of soft demand, volatile futures market, rallying shipping costs spin Chinese PET bottle sector

The rally in the futures market at the beginning of the week on bullish expectations over the property market encouraged Chinese PET suppliers to lift export offers by $15 – 20/ton week-on-week.
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24 May 2024

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China Morning Snapshot – 24 May 2024

The prevailing consensus is that spot offers need to decrease by at least another CNY100/ton to get better market engagement.
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24 May 2024

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

After a disappointing trading session yesterday, all three traded commodities on the Shenhua Auction Platform came out stronger today with deals achieving above 94%.
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23 May 2024

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Malaysian producer cuts PP, HDPE offers to Indonesia for June loading, LDPE remained on the rise

Across Southeast Asia, market participants closely monitor the recent upsurge in Chinese PP offers and the rising shipping costs.
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