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News Insight & Analysis

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China Morning Snapshot - 14 December 2022
14 Dec 2022 Regardless of the rising futures contracts, spot PP offers softened slightly by CNY50/ton on the back of weakening purchasing activities.
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14 Dec 2022

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14 December 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders returned to the market after pulling the brake in the previous session as Shenhua lowered deal prices for both homo-PP and LLDPE cargoes.
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13 Dec 2022

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Malaysian producer continues to lower LDPE offers to Vietnam

Market sources attributed the fall in LDPE prices despite the uptick in buying sentiment in China to the growing supply pressure.
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13 Dec 2022

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Import homo-PP surged in Vietnam, shrugging off the lack of demand

CommoPlast reported earlier that many companies in Vietnam are facing tightening bank credit to open LC, which lead to slow purchasing activities for the past couple of months, particularly among local traders.
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13 Dec 2022

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China Morning Snapshot - 13 December 2022

The reductions on Dalian Commodity Exchange prompted domestic suppliers to immediately lower spot homo-PP offers by CNY100/ton ($14/ton).
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13 Dec 2022

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13 December 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese buyers have been highly cautious in accepting higher prices amid the uncertain demand outlook in the coming months.
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12 Dec 2022

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Vietnam overtook Thailand to be the largest homo-PP supplier to Indonesia in 2022

Indonesian customers used to have a wider choice of supply with the Government Borne Import Duty (BMDTP) scheme that allowed importers to buy cargoes from dutiable origins at 0% duty.
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12 Dec 2022

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Indonesian producer lifts PP offers for the second time in three days, PE unchanged

Indonesian customers are puzzled over the two back-to-back price hikes as the demand in the country has been constantly declining over the past weeks.
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