24 Sep 2024
Traders have highlighted that the local market is unlikely to see relief in the near term, as supply constraints persist and alternative sources remain limited. This situation is expected to further strain local converters, who are already grappling with dwindling end-product demand.
24 Sep 2024
24 Sep 2024
Key contracts for PP and LLDPE on the Dalian Commodity Exchange showed gains throughout the morning session, lending support to market sentiment on the Shenhua Auction Platform. However, the impact on purchasing interest for coal-based PP and PE cargoes has been mixed.
23 Sep 2024
Despite having limited availability, a major Saudi Arabian producer surprisingly rolled over PE offers from the previous month to Vietnam for October loading. Weak demand and falling upstream costs were cited as the main reasons for the conservative price decision.
23 Sep 2024
Chinese PP producers have maintained a firm stance on export prices this week, despite diminishing overseas demand and intensifying competition. The continued strength of the Yuan against the US dollar is exacerbating export challenges, preventing producers’ ability to deplete their stocks ahead of the weeklong National Day holiday.
23 Sep 2024
23 Sep 2024
Shenhua Auction Platform concluded the first trading session of the week on a mixed note, reflecting the demand disparities between the grades. While LLDPE secured a satisfactory number of transactions, Chinese bidders were unfazed by the presence of lower-priced homo-PP cargoes.
