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News Insight & Analysis

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China’s PP exports hit historically high in March; trend to persist
03 May 2024 China is set to welcome eleven (11) new PP plants in 2024 with a combined annual capacity of 5.3 million tons. Some of these plants might decide to postpone the startup schedules would the production economy remains poor.
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30 Apr 2024

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Malaysian maker announced May PP offers to Indonesia unchanged; HDPE nosedived

As reported earlier, the local HDPE film market in Indonesia is now struggling with soft demand and higher availability compared to other grades.
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30 Apr 2024

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China Morning Snapshot – 30 April 2024

Meanwhile, Chinese PE buyers are expecting firmer offers from overseas suppliers in the coming week following reports of higher local offers in North American market.
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30 Apr 2024

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

During this period, there was a noticeable trend of small-scale purchases as buyers sought to make essential replenishments. However, sellers continued to face limited supply pressure.
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29 Apr 2024

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Price List: China’s Zhongjing keeps export PP offers stable amid lukewarm market

Zhongjing Petrochemical has opted to sustain its stable export pricing strategy, mirroring the rates observed over the past five weeks.
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29 Apr 2024

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Key Indonesian petrochemical producer lifted PP and PE prices on tighter supply outlook

A key Indonesian producer reportedly lifted spot PP and PE offers to domestic buyers over the weekend on the back of a tightening supply outlook ahead of a major maintenance schedule in May and the weak Rupiah.
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29 Apr 2024

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China Morning Snapshot – 29 April 2024

Local producers accelerated sales to distributors in preparation for extra inventory accumulation during the Labour Day holiday. The remaining two days are expected to witness significant inventory digestion.
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29 Apr 2024

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29 April 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua achieved satisfactory auction results on the first trading day of the week, except for homo-PP grade, which witnessed a marginal drop from the previous session in terms of quantity.
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