Price List: China’s Zhongjing rollover export PP offers amid the absence of pressure

15 Mar 2024 Key Chinese PP producer – Zhongjing Petrochemical has opened weekly export PP offers at unchanged levels compared to the previous week in spite of the lingering demand weakness across the Asia region.

15 Mar 2024

China Morning Snapshot – 15 March 2024

Players are puzzled over the abrupt bull run, particularly when the PBOC decided to withdraw 94 billion Yuan from the banking system. Investors interpret the decision as a necessary preparation for interest rate cuts to avoid excessive liquidity.

15 Mar 2024

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

A totally unexpected curve ball happened on the Shenhua Auction Platform with all three commodities: homo-PP, PPBC and LLDPE achieving 100% deals. The deal prices today were also higher in comparison to Thursday’s session

14 Mar 2024

China Morning Snapshot – 14 March 2024

While the overall trading sentiment in the domestic spot market remained mediocre throughout the morning session, there have been reports of better buying interest among customers for PP compared to PE.

14 Mar 2024

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

The auction price for LLDPE stayed consistent from yesterday but finished weaker transactions, however, surprisingly homo-PP achieved 100% sales despite higher deal prices

13 Mar 2024

China Morning Snapshot – 13 March 2024

In spite of the sluggish futures market, local suppliers maintain a firm stance on homo-PP cargoes claiming the tightening supply outlook ahead of the maintenance shutdown season.

13 Mar 2024

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

The producer lured buyers to the market by offering a CNY20-30/ton discount on deal prices for both homo-PP and LLDPE compared to the previous session.

12 Mar 2024

Indonesian producer surprised the market with increases on spot PP, PE offers

Indonesian players were taken aback by the increase, given that the price in the distribution market had begun to decline the previous week.

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