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China Morning Snapshot – 20 February 2024
20 Feb 2024 Sellers reckoned this would pressure the buyers to accept the increased price point due to the low on-hand inventory, in addition to the strong crude price at present.
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20 Feb 2024

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20 February 2024 - Shenhua's coal-based PP and PE Auction Results

The trading market is forecasted to have mediocre sales this week as more buyers take on a reserved approach to monitor the upcoming market direction.
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19 Feb 2024

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Saudi Arabia major lifted March PE offers to Vietnam amid cost-push, tight supply

The resilient upstream ethylene costs, persistent shipping challenges, and lack of availability that stemmed from the recent shutdown supported the price decision.
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19 Feb 2024

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Price List: Zhongjing raises export PP price in post-Lunar New Year week

The post-holiday demand status remains unclear on the first trading day of the week, yet the producer inclined to a rather bullish stance.
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19 Feb 2024

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Malaysian PE surged in Vietnam amid tightening availability

On the first trading day of the week, a key Malaysian producer surprised the market by announcing March PE shipment offers to Vietnam with large increases
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19 Feb 2024

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Chinese PVC market resumed trading on a soft note, bloated inventory

The Chinese PVC market resumed trading following the weeklong Lunar New Year holiday on a soft note, dragged by bloated local inventories and the falling key futures contracts on the Dalian Commodity Exchange.
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19 Feb 2024

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China Morning Snapshot – 19 February 2024

Manufacturing plants in China would only usually be able to ramp up operating rates after the Chap Goh Mei festival due to the absence of workers.
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19 Feb 2024

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19 February 2024 - Shenhua's coal-based PP and PE Auction Results

Market participants remained vigilant about future movement of the market but also being practical and expect the market to take some time to warm up after returning from a long holiday, as is customary.
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