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News Insight & Analysis

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China Morning Snapshot – 02 July 2024
02 Jul 2024 A sustained rise in the futures market and a rapid drawdown in inventory provide a solid foundation for Chinese producers to raise spot polypropylene (PP) and polyethylene (PE) offers.
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02 Jul 2024

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02 July 2024 - Shenhua's coal-based PP and PE Auction Results

Interestingly, the coal-based producer opted for a more conservative stance by maintaining auction prices stable regardless of the rising futures contract on the Dalian Commodity Exchange.
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01 Jul 2024

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Price List: Zhongjing rollover export PP offers amid challenging overseas market conditions

A source close to the producer expressed concerns about securing deals, citing high ocean freight rates as a significant obstacle.
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01 Jul 2024

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China Morning Snapshot – 01 July 2024

The upcoming Third Plenum, scheduled for 15-18 July, where top Chinese officials will meet to set short- and long-term economic policies, is fueling optimism.
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01 Jul 2024

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Accelerated downtrend in Indonesia's local PP and PE market amid bearish short-term outlook

This move was anticipated by market participants and aligns with the downward trend set by the producer for the third quarter term contract settlements.
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01 Jul 2024

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01 July 2024 - Shenhua's coal-based PP and PE Auction Results

The coal-based producer reduced auction prices for both homo-PP and LLDPE by CNY 80/ton from the previous session.
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29 Jun 2024 PET Bottle

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Chinese PET bottle market tracked a stable to softer trend amid timid buying activities

The depreciation of the Yuan against the US dollar allowed Chinese exporters the flexibility to adjust their offers this week. Yet, responses were weak.
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29 Jun 2024

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Chinese LDPE film market loses momentum, aggressive price hikes face resistance

At the time of this report, domestic supply remained tight. However, market sources expected a strong wave of import arrivals toward the end of July to early August, which would boost spot availability substantially.
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