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News Insight & Analysis

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27 March 2024 - Shenhua's coal-based PP and PE Auction Results
27 Mar 2024 Compared to the previous session, trading sentiment on the Shenhua auction platform fell moderately in terms of both percentage of deals and prices.
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26 Mar 2024

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Statistics: Local petchem production outputs in China dropped 5.4% in February

According to the latest data from the National Bureau of Statistics, production outputs for key petrochemical products in China fell 5.4% month-on-month in February 2024.
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26 Mar 2024

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Indonesian PP, PE market extended the downswing ahead of the Ramadan holiday

At the start of the week, a prominent domestic producer in Indonesia slashed the PP and PE price list by as much as $30/ton compared to late last week amid increasing downward pressure from more attractive cargoes in the distribution market.
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26 Mar 2024

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China Morning Snapshot – 26 March 2024

The continued falling futures contracts weighed heavily on the trading sentiment, as such, Chinese players are surprised that Shenhua Auction Platform achieved strong sales results this morning.
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26 Mar 2024

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26 March 2024 - Shenhua's coal-based PP and PE Auction Results

Many traders were puzzled by the market response but anticipated the favourable outcome was due to a sizable number of buyers returning to the market today as the auctioned price was still about CNY50/ton lower than local prices.
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25 Mar 2024

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Saudi maker offers $10/ton reduction on April PE shipment to Vietnam

Purchasing activities in Vietnam have been relatively soft over the past weeks despite the unexpected shutdown at Long Son Petrochemical that would curtail local HDPE and LLDPE supply at least until June 2024.
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25 Mar 2024

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Price List: Zhongjing lifted export PP offers despite soft local demand, weak Yuan

Key Chinese PP producer – Zhongjing Petrochemical once again lifted export PP offers by $5/ton from the previous week citing the lack of sales pressure. Nevertheless, the upward price adjustments face numerous questions among overseas buyers
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25 Mar 2024

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China Morning Snapshot – 25 March 2024

Despite the persistent weakening futures contracts, local suppliers opted to maintain spot PP and PE offers stable, fetching the support from the depreciating Yuan against the US dollar.
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