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News Insight & Analysis

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Asian naphtha market hit five-month lows on softer demand, volatile upstream
05 Jun 2024 Many naphtha crackers have implemented a series of measures to protect the bottom line, including reducing operating rates and switching to alternative feedstock.
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05 Jun 2024

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05 June 2024 - Shenhua's coal-based PP and PE Auction Results

Market sources said that the producer’s decision to lift auction prices by CNY100/ton for LLDPE came at a wrong timing, especially with major futures contracts on the Dalian Commodity Exchange remaining in the bear territory.
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04 Jun 2024

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Indonesian producer lifted local PP and PE offers larger than expected

As reported earlier, the heavy congestion in transshipment ports including Port Klang and Singapore has forced a number of international suppliers to issue official statements
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04 Jun 2024

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Indonesian PVC market gained moderately; lukewarm transactions reported

Speaking to CommoPlast, a distributor reported soft responses from customers, who are questioning the sustainability of the current uptrend.
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04 Jun 2024 PET Bottle

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Chinese PET bottle market nosedives as demand concerns weighed

Buyers opted to remain conservative citing the soft finished goods market, resulting in a rather sluggish trading sentiment.
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04 Jun 2024

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China Morning Snapshot – 04 June 2024

The extended bear run in crude oil futures coupled with the weakening Dalian Commodity Exchange encouraged buyers to adopt a cautious stance, making purchases only based on needs.
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04 Jun 2024

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04 June 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua Auction Platform continued to face multiple challenges in attracting deals on the second day of the week as futures contracts on the Dalian Commodity Exchange and crude oil extended the bear run.
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03 Jun 2024

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China Morning Snapshot – 03 June 2024

The CNY50/ton discounts, according to maket sources, did not yield much buying interest, and therefore, traders must provide additional room for negotiations before deals are achieved.
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