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News Insight & Analysis

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China Morning Snapshot – 13 May 2024
13 May 2024 Local distributors have conveyed to CommoPlast that customers were generally hesitant to accept higher prices. Nevertheless, those open to negotiations have managed to secure deals.
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13 May 2024

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

Buyers primarily procured based on necessity and exercised caution due to the softened crude benchmarks. The market is expected to stay stagnant as it heads into the traditional slow season starting in June.
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10 May 2024

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China Morning Snapshot – 10 May 2024

The minor reduction in spot PP and PE offers were very much expected. Still, customers shied from proceeding with larger buys immediately.
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10 May 2024

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China Morning Snapshot – 09 May 2024

Although the combined PP and PE inventory belonging to Sinopec and CNPC are still above the psychological threshold of 800,000 tons, producers are in no rush to make any downward adjustments
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10 May 2024

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10 May 2024 - Shenhua's coal-based PP and PE Auction Results

Traders noted increased caution among buyers as the weekend approached, particularly considering perceived price declines. Many were uncertain whether prices would go into corrections in the following week.
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09 May 2024

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09 May 2024 - Shenhua's coal-based PP and PE Auction Results

Trading on the Shenhua Auction Platform remained consistent with yesterday's session, yielding satisfactory outcomes. Homo-PP and PPBC experienced an uptick in auctioned volume, while LLDPE saw a slight dip in performance.
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08 May 2024

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Northeast Asian ethylene market hit four-month lows as weak demand bites

The Northeast Asian ethylene market took a dive over the past trading days, touching the lowest levels since early January 2024 on the back of weak demand conditions.
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08 May 2024 PET Bottle

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Chinese PET market gallops lower amid fluctuating upstream, stagnating demand

Market sources said some Chinese suppliers have wrapped up May businesses and started offering June loading cargoes at the new price levels.
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