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News Insight & Analysis

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China Morning Snapshot – 18 February 2024
18 Feb 2024 Trading activities are weak, which is not surprising considering the fact that a large part of the market has not returned from the holiday.
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18 Feb 2024

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

The concluded deals reached thus far were encouraging with more warehouses auctioning PP commodities today and in contrast to the days before the Lunar New Year holiday, the auction prices for homo-PP at present are actually stable
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12 Feb 2024

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Asian ethylene market hit multi-month highs amid supply tightness

As of 7 February 2024, spot ethylene traded in the Northeast Asia region stood at $940/ton – the highest since late March 2023. Trades were thin ahead of the weeklong Lunar New Year holiday in China.
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11 Feb 2024

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Chinese PE market enters the Lunar New Year holiday on a soft note

The pace of the reduction observed on each PE film grade might be varied, the downswing, nevertheless, poses challenges to the firming import market.
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08 Feb 2024

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Vietnamese producer keeps local PE offers stable ahead of the holiday; lifting export offers to Indonesia by $30/ton

Despite the firming offers from international suppliers on the back of strong upstream ethylene costs and rising freight rates, Vietnamese customers are indolent towards the new offers.
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07 Feb 2024

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Indonesian PVC market registered moderate gains amid mediocre demand

Market participants are not in the mood to build inventories given the uncertain political conditions ahead of the presidential election on 14 February 2024.
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07 Feb 2024

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China Morning Snapshot – 07 February 2024

The rebounded Dalian Commodity Exchange caught the attention of arbitrage traders, however, spot cargoes are not attractive enough to materialise transactions.
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07 Feb 2024

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

Thanks to the sharp rebound on the Dalian Commodity Exchange, transactions for coal-based PP and PE cargoes on the Shenhua auction platform picked up significantly from the previous session.
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