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China Morning Snapshot – 14 November 2024
14 Nov 2024 Despite the weakness in the futures market, domestic spot PP and PE offers remained unchanged from the previous session, supported by manageable inventory pressure.
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14 Nov 2024

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14 November 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform wrapped up today’s session with strong results, achieving a 100% sell-off rate for coal-based LLDPE, despite lackluster futures trading on the Dalian Commodity Exchange. A CNY 40/ton increase in the auction price did not discourage
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13 Nov 2024

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China Morning Snapshot – 13 November 2024

Market sources attributed the generally firmer price levels to unexpected production disruptions at two key petrochemical plants in southern China: Oriental Energy Maoming and CSPC Phase II.
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13 Nov 2024 Ethylene

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Asian ethylene market remained on a stable to firmer track amid pent-up demand

The Northeast Asian ethylene market has trended upward for six consecutive weeks, driven primarily by reduced operating rates among naphtha crackers in South Korea and Japan and a slight uptick in Chinese demand.
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13 Nov 2024

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

The Shenhua Auction Platform concluded today’s session on a strong note, buoyed by a substantial rebound in the futures market on the Dalian Commodity Exchange (DCE).
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12 Nov 2024

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Malaysian LDPE offers to Vietnam remain steady for third consecutive month amid weakening demand

Market sentiment for LDPE has softened notably over recent weeks, largely due to new plant startups in China that have capped a previous price rally fueled by supply concerns.
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12 Nov 2024

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Chinese PP export offers fall sharply amid strong dollar, weak demand

Amid a strong US dollar and dwindling confidence in the demand outlook, Chinese PP exporters have intensified price cuts mid-week in a bid to stimulate overseas sales. Current offers for homo-PP yarn now dip as low as
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12 Nov 2024

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China Morning Snapshot – 12 November 2024

While domestic demand in the spot PP market remains stable, largely due to ongoing need-based purchasing, there is notable resistance to recent price hikes in the LLDPE segment.
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