China Morning Snapshot – 18 December 2023

18 Dec 2023 Local sellers predominantly reported weak market inquiries this morning, with many customers opting to monitor the situation before making further purchasing decisions.

18 Dec 2023

18 December 2023 - Shenhua's coal-based PP and PE Auction Results

Having said so, it is important to note that the transaction results were still satisfactory for deal prices were CNY20-80/ton higher than the previous session.

15 Dec 2023 PET Bottle

Chinese suppliers cut export PET offers amid weaker upstream costs, seasonal lull

With a gloomy near-term demand outlook, at least three new Chinese PET plants have decided to postpone the startup, which was initially scheduled for December.

15 Dec 2023

China Morning Snapshot – 15 December 2023

Market participants indicated that with the approaching weekend and weaker buying activities compared to the previous day, producers opted for a more conservative approach

15 Dec 2023

15 December 2023 - Shenhua's coal-based PP and PE Auction Results

Market players informed that the prices were considered reasonable, leading some who had refrained from purchases in the local market the previous day to re-enter, noting a renewed support in prices.

14 Dec 2023 SPVC k67-68 SPVC (A) k67-68

Stable futures market and winter storm boost PVC prices in China, minor uptick in demand observed

With spot prices lingering below the CNY6,000/ton threshold, Southern region customers are more willing to place new orders this week, particularly pipe and profile converters.

14 Dec 2023

Panic roiled the Indonesian polyolefins market amid import quotas uncertainties

As the government aims to accurately monitor and regulate the supply and demand conditions in the country while streamlining the petrochemical trades, market participants fear backfire from the process.

14 Dec 2023

China Morning Snapshot – 14 December 2023

Chinese suppliers opted to roll over spot PP and PE offers from the previous day, citing the lack of inventory pressure as the primary support while shrugging off the dwindling futures market.

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