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News Insight & Analysis

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Saudi producer surprised Chinese buyers with fresh hikes on import PE cargoes following the holiday
27 Jun 2023 The Chinese market has not been able to sustain the active buying sentiment observed prior to the holiday as poor holiday spending data coupled with a series of interest rate hikes in Europe once again erode market confidence.
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27 Jun 2023 HD Film LL C4 Film

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Saudi Arabia producer announces July PE offers to SEA with large decreases

Key regional and international suppliers started announcing July shipment offers to Southeast Asia and amid the soft demand conditions, a Saudi Arabia producer conceded to $60-70/ton reductions on both HDPE and LLDPE film cargoes
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27 Jun 2023

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China Morning Snapshot – 27 June 2023

Regardless of the reduced inventory pressure and the depreciating Yuan, domestic Chinese suppliers remain under the shadow of a struggling market, which prompted additional price reduction
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27 Jun 2023

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27 June 2023 - Shenhua's coal-based PP and PE Auction Results

Since the futures market did not pose any significant rebound, producers were urged to introduce steeper discounts as similar patterns were observed in the domestic spot market.
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26 Jun 2023

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Saudi Aramco cuts July propane prices to the lowest levels in nearly three years

Saudi Aramco opened fresh offers for propane and butane to Asia for the month of July with further discounts amid ample supply in the Middle East and the US
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26 Jun 2023

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Price List: Zhongjing Petrochemical continues cutting export offers after long holiday

Key futures contracts for September delivery on Dalian Commodity Exchange loses nearly CNY90/ton during the early hours of 26 June 2023 on disappointing holiday spending data
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26 Jun 2023

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China Morning Snapshot – 26 June 2023

The Chinese market plays catch up following the Dragon Boat Festival with buyers mostly remaining on the sidelines throughout the early trading hours of the day to assess a whole new set of economic challenges.
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26 Jun 2023

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At multi-year lows, the Indonesian PE market shows signs of stabilization

An increasing number of Indonesian traders reported having achieved a satisfactory number of transactions for both HDPE and LLDPE film without conceding to large discounts.
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