May 08, 2024 5:10 a.m.
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News Insight & Analysis

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Two price cuts in a week: Saudi PE caused heavy concerns among Chinese buyers
08 Mar 2024 Against the strong upstream ethylene costs and the higher offers from peer suppliers, a major Saudi Arabia producer offers another $20/ton discount on import PE offers to China, marking the second reduction this week.
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08 Mar 2024

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Taiwanese ABS rises sharply in Vietnam on strong upstream costs

Vietnamese customers are perplexed by the latest import ABS offers from a major Taiwanese producer that showed $70/ton hikes from the previous month even though real demand has not fully recovered.
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08 Mar 2024 PET Bottle

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Indonesian PET market holds steady as the government suspended the import quota mandate

The previous price hikes were driven by fears over the import quota mandate on MEG feedstocks and a wave of panic buying.
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08 Mar 2024

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China Morning Snapshot – 08 March 2024

On the bright side, converters in the PP and PE sector reported having received a better number of finished goods orders albeit in small quantities, which helped them to deplete some of the on-hand stocks
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08 Mar 2024

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Abundance of Chinese cargoes weighs heavily on the Vietnamese homo-PP market

Although Chinese homo-PP yarn is widely available at competitive levels at the time being, one of the biggest concerns among Vietnamese buyers is the inconsistency of supply.
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08 Mar 2024

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08 March 2024 - Shenhua's coal-based PP and PE Auction Results

Transactions have fallen compared to the previous auction session considering there were only CNY10/ton discounts available on deals for both homo-PP and LLDPE cargoes.
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07 Mar 2024

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Chinese PVC market weakens on lethargic demand; suppliers testing the export market

However, at the time of this report, many PVC pipe manufacturers still struggle with the lack of finished goods order amid the lingering property market turmoil.
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07 Mar 2024

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Chinese PET market rebounded on restocking activities

The Chinese PET bottle market surprisingly picks up toward the weekend with suppliers reporting satisfactory sales results after lifting spot offers by CNY50/ton
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