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News Insight & Analysis

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Mixed sentiment observed in China as five new BOPP sheet plants start up
25 Jan 2024 In usual circumstances, these startups indicate higher demand for raw materials, in this case is homo-PP yarn and BOPP.
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25 Jan 2024

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25 January 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua auction platform was mixed with bidders exhibiting strong buying interest for LLDPE film while adopting a more conservative stance toward homo-PP cargoes.
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24 Jan 2024

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Saudi producer lifted February PE offers to Asia amid limited supply, higher costs

As the Asian PE market increasingly faces the influence of the constant alternation of the macroenvironment, a Saudi Arabia producer eludes the pricing risks by lifting February shipment offers to the region despite the persistently lethargic demand.
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24 Jan 2024

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Price List: China’s Zhongjing raises export PP offers amid firming local market

After keeping export offers on a stable note at the start of the week, China’s Zhongjing decided to revise their export PP prices upward to reflect the reduced sales pressure amid the firming domestic ground.
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24 Jan 2024

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China Morning Snapshot – 24 January 2024

Local sellers noted a deceleration in sales this morning, particularly as some producers attempted to maintain firmer PP offers, testing the market's response following a mostly stable note the previous day.
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24 Jan 2024

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24 January 2024 - Shenhua's coal-based PP and PE Auction Results

After finalizing the purchases, buyers are adopting a careful approach and refraining from active engagement.
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23 Jan 2024

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Taiwanese major surprisingly lifted February PVC offers to Asia

Asian market participants initially expected a rollover or $10-20/ton reduction citing the soft purchasing activities and heightened pressure among Chinese suppliers to deplete their stocks ahead of the Lunar New Year holiday.
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23 Jan 2024

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Indonesian producer reversed price cut decision on spot PP cargoes

On 20 January 2024, an equipment malfunction led to a combustion at the fire stack belonging to the producer at the Celegon complex. The incident was contained, however, the impact on the plant has not been disclosed.
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