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News Insight & Analysis

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China Morning Snapshot – 04 May 2023
04 May 2023 The previous optimism over the post-Labour Day demand outlook seems to dissipate as buyers embrace a more bearish expectation following the latest interest rate hike in the US and the weakening manufacturing activities in China.
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04 May 2023

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04 May 2023 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform performs poorly on the first trading day following the long Labour Day holiday even though the producer allocates just a fraction of the usual allocations to the auction session.
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03 May 2023 PET Bottle

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Indonesian PET market resumes trading on a mixed note, soft demand persists

While the buying interest in this market has been soft for weeks due to the unfavourable economic conditions; trading sentiment just worsens this week following the large drop in crude oil prices.
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02 May 2023

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Saudi Aramco rollovers May propane prices to Asia as weak demand persist

The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
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02 May 2023

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Indonesian PP, PE market track stable to firmer trend following holiday

A key Indonesian producer announces fresh spot PP and PE offers as the market returns from the long holiday on a stable to firmer track, resuming the trend observed prior to the break.
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28 Apr 2023

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Saudi producer announced May PE offers to Indonesia at stable to firmer trend

The latest deal levels indicate a reduction of $10/ton on HDPE film compared to the previous transaction in April while LLDPE film is unchanged, according to CommoPlast data.
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28 Apr 2023

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Local producer rollovers May PP, PE offers in Malaysia amid sluggish demand

Initial responses from the market are soft. Buyers refrain from placing any firm bids, especially on PP cargoes amid the dwindling finished goods businesses and comfortable supply conditions.
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28 Apr 2023

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Competitive Chinese cargoes weigh on the Indonesian homo-PP market after Ramadan

Indonesian market participants return to the market to find the readily present competitive Chinese homo-PP offers that weigh heavily on the market sentiment...
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