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News Insight & Analysis

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China Morning Snapshot – 28 November 2023
28 Nov 2023 Sources believe that with the month-end closing fast approaching, both Sinopec and CNPC might be able to deplete the inventories to below the 600,000 tons threshold.
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28 Nov 2023

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28 November 2023 - Shenhua's coal-based PP and PE Auction Results

Auction sales for both PP and PE were comparatively weaker than yesterday, with PPH auction prices down by CNY10/ton and LL down by CNY50/ton.
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27 Nov 2023

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Price List: Zhongjing cuts PP export prices due to weakened DCE and softer crude prices

Zhongjing Petrochemical has been operating at 50% capacity for several weeks, producing only homo-PP yarn and BOPP
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27 Nov 2023

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Indonesian producer rollover PP, PE offers to domestic market amid heightened competition

A persistently weak demand condition coupled with the cutthroat competition from the import market and the local distribution front eroded any effort from the maker to introduce fresh increases at the moment.
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27 Nov 2023 LL C4 Film PPH Inj PPH Raf

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China Morning Snapshot – 27 November 2023

A number of Chinese traders, who had withheld their cargoes in the previous weeks are now more willing to negotiate with serious customers to close deals.
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27 Nov 2023

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27 November 2023 - Shenhua's coal-based PP and PE Auction Results

The auction activities were predominantly driven by need-based purchases, with traders observing that auction volumes for both PP and PE surpassed those of the previous session.
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23 Nov 2023 HD Film LD Film LL C4 Film

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Saudi major concluded December PE shipments in Vietnam with substantial discounts

A good number of buyers started returning to the market for replenishment after weeks of keeping purchases to a minimum due to subpar finished goods demand and uncertain outlook.
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23 Nov 2023 PET Bottle

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Lackluster demand weighs on the PET bottle market in Indonesia

Buyers refrain from entering deals despite stabilizing finished goods orders on expectations that the seasonal lull overseas might bring about more discounts ahead.
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