23 Jan 2024
Limited volume in the LLDPE auction, coupled with low availability of import offers and ongoing buyer demand, resulted in deals being achieved even at prices CNY50/ton higher than the previous day.
22 Jan 2024
Zhongjing Petrochemical has surprisingly rolled over its export offers for PP cargoes from the previous week despite an uptick in purchasing activities in the local Chinese market.
The dynamic overseas market now hinges on shipping issues, however, players are divided about the support the situation might have for the local Chinese market moving forward.
Trading sentiment on the Shenhua auction platform remained robust at the start of the week, and despite a CNY90/ton hike in the auction prices, buyers showed greater acceptance.
19 Jan 2024
In fact, CommoPlast reached out to 25 PVC pipe converters across China this week in a survey to determine their Lunar New Year holiday schedules, in an attempt to gauge the pre-holiday demand.
Local sellers find that even rollover offers fail to attract buying interests, with most customers opting to adopt a wait-and-see approach while monitoring further development.
19 Jan 2024 LD Film
In the first ten months of 2023, China imported about 2.53 million tons of LDPE, with Iran ranking as the largest supplier (16.7%), followed by the US (15.8%),
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