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News Insight & Analysis

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Local producer lifted February PP offers sharply in Malaysia; moderate hikes on PE
01 Feb 2023 Surprisingly, PP offers registered much stronger gains compared to PE even though the start-up at PrefChem’s PP units is expected to boost domestic supply.
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01 Feb 2023

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Chinese PVC market held steady in the post-holiday week

The Asian petrochemical market has been marching higher since December on bullish expectations associated with the ending of Zero-Covid policy in China. Economic activities in China rebounded in January, the latest data from the National Bureau of Statistics showed.
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01 Feb 2023

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China Morning Snapshot - 01 February 2023

Trading activities remain subdued as the continued falling futures market narrow the arbitrage window, making it less attractive for traders.
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01 Feb 2023

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1 February 2023 - Shenhua's coal-based PP and PE Auction Results

Following a disappointing sales result in the previous session, Shenhua decided to offer CNY100/ton discount on both coal-based PP and LLDPE to facilitate transactions.
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31 Jan 2023

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Saudi Aramco announced February propane prices to Asia with three-digit hikes

Saudi Aramco set February contract propane price to Asia with drastic increases from the previous month
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31 Jan 2023

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Price List: Zhongjing steps back on export PP offers as local market remains weak

Zhongjing Petrochemical reportedly steps back on export PP offers by $15-20/ton just a day after implementing large increases as trading sentiment dims at home and overseas.
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31 Jan 2023

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China Morning Snapshot - 31 January 2023

In fact, this is the first time since CommoPlast started to record the data in 2015, the stocks built up throughout the Lunar New Year holiday stood below the 1 million tons threshold.
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31 Jan 2023

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31 January 2023 - Shenhua's coal-based PP and PE Auction Results

The bullish sentiment observed on the first trading day of the week has evaporated. Chinese bidders quickly withdraw to the sidelines following the declines on Dalian Commodity Exchange that narrows the price gaps between the two trading platforms.
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