Middle Eastern homo-PP dipped below the $900/ton mark in China as the competitive local market weighed

01 Feb 2024 This week, at least two Middle Eastern producers agreed to conclude deals for homo-PP yarn below the $900/ton threshold despite the rising production and shipping costs

01 Feb 2024 HD Film LD Film LL C4 Film

Chinese PE market divaricates ahead of the Lunar New Year holiday

Speaking to CommoPlast, Chinese market participants also blamed the higher dependency on imports for LDPE for the sharp rise in local prices in recent weeks. In 2023, China imported about 3.05 million tons of LDPE

01 Feb 2024

China Morning Snapshot – 01 February 2024

Whilst discounts and price cuts were given, it did not sway the overall buying appetite of the majority, as traders were more keen on observing upcoming trends offering cheaper cargoes before the Lunar New Year.

01 Feb 2024

01 February 2024 - Shenhua's coal-based PP and PE Auction Results

The overall buying activity on the Shenhua Auction Platform was directly impacted due to the weaken PP and LLDPE on the Dalian Commodity Exchange (DCE) throughout the morning session

31 Jan 2024

China Morning Snapshot – 31 January 2024

Trading sentiment in the domestic spot market started to show a clearer sign of slowing down with most small-scale converters having already left their desks for the Lunar New Year holiday.

31 Jan 2024

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

Market players noted some remaining need-based purchases, but with many buyers either prepared or on an extended holiday, trading sentiment has weakened visibly.

30 Jan 2024

Price List: Zhongjing Petrochemical increases its export price as the Lunar New Year close approaching

China’s Zhongjing Petrochemical decided to increase its export prices for its homo-PP yarn and biaxially oriented polypropylene (BOPP) film by $5/ton from the previous price announcement.

30 Jan 2024

Local producer lifted PE offers in Vietnam on exchange rates, upstream costs

Vietnamese market participants reported having received fresh PE offers for March delivery from a major local producer with a VND300,000/ton ($12/ton) increase from the previous week

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