China Morning Snapshot – 22 April 2024

22 Apr 2024 Buying sentiment was sluggish, with only a few buyers making need-based purchases, while the majority hesitated due to the firmer price levels.

22 Apr 2024

22 April 2024 - Shenhua's coal-based PP and PE Auction Results

The firmer auction prices, with homo-PP and LLDPE seeing increases of CNY50/ton and CNY40/ton respectively, contributed to the lower deal rate as buyers displayed resistance on the platform.

19 Apr 2024

China Morning Snapshot – 19 April 2024

The Dalian Commodity Exchange (DCE) witnessed a significant upturn in sentiment as LLDPE and PP futures hit a level not seen since January 2023 and 17 September 2023 respectively

19 Apr 2024

19 April 2024 - Shenhua's coal-based PP and PE Auction Results

Despite a marginally higher auctioned volume for PPBC and LLDPE compared to the previous session, the platform echoed a strong note akin to the Dalian Commodity Exchange.

18 Apr 2024

China Morning Snapshot – 18 April 2024

The market exhibited an apathetic buying appetite in the morning, with local distributors striving to offload more cargoes through negotiation ahead of the upcoming Labour Day.

18 Apr 2024

18 April 2024 - Shenhua's coal-based PP and PE Auction Results

The auctioned LLDPE achieved a 100% rate thanks to the limited volume, while homo-PP saw a slight decrease compared to the previous day, attributed to a CNY10/ton higher dealt price.

17 Apr 2024 PET Bottle

Chinese PET bottle market regains ground on stronger upstream costs; upside capped by new startups

Many Chinese PET bottle converters have already stocked up comfortably for the near-term production needs and even though finished goods demand remained stable, buyers tend to negotiate aggressively

17 Apr 2024

China Morning Snapshot – 17 April 2024

Trading activities remained mediocre and buyers refused to proceed with purchases unless discounts were provided, which was frustrating to local traders.

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