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18 November 2024 - Shenhua's coal-based PP and PE Auction Results
18 Nov 2024 Chinese bidders demonstrated strong purchasing interest during the first auction session of the week, acquiring additional coal-based PP parcels through the Shenhua Auction Platform, despite bearish signals from the Dalian Commodity Exchange.
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15 Nov 2024

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Vietnamese homo-PP market rises amid currency pressures and supply constraints

While keenly checking on new offers and assessing the near-term outlook, Vietnamese buyers have not engaged in aggressive restocking activities due to concerns over the still dwindling end-product businesses.
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15 Nov 2024 PET Bottle

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China’s local PET market sees first rebound since post-Golden Week holiday

Sellers' confidence has been buoyed by reduced sales pressure, as many Chinese PET producers lowered operating rates in response to the seasonal winter slowdown. Weeks of price declines also encouraged some buyers to return to the market.
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15 Nov 2024

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China Morning Snapshot – 15 November 2024

Key domestic producers, Sinopec and CNPC, reported a further reduction of 15,000 tons in their combined PP and PE inventories. Since the start of November, both producers have drawn down approximately 14% of their inventories, effectively mitigating potential supply pressure in the local market.
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15 Nov 2024

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15 November 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform concluded today's session on a strong note, supported by improved trading sentiment in the futures market on the Dalian Commodity Exchange, especially for LLDPE. Despite price hikes of CNY 140/ton, buying activity remained robust
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14 Nov 2024

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China Morning Snapshot – 14 November 2024

Despite the weakness in the futures market, domestic spot PP and PE offers remained unchanged from the previous session, supported by manageable inventory pressure.
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14 Nov 2024

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14 November 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform wrapped up today’s session with strong results, achieving a 100% sell-off rate for coal-based LLDPE, despite lackluster futures trading on the Dalian Commodity Exchange. A CNY 40/ton increase in the auction price did not discourage
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13 Nov 2024

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China Morning Snapshot – 13 November 2024

Market sources attributed the generally firmer price levels to unexpected production disruptions at two key petrochemical plants in southern China: Oriental Energy Maoming and CSPC Phase II.
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