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News Insight & Analysis

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China Morning Snapshot – 19 June 2023
19 Jun 2023 The short trading week is highlighted by the potentially no significant measures by the government to stimulate growth, which means spot PP and PE offers might remain rangebound.
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19 Jun 2023 Ethylene

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Asian ethylene market nears three-year lows, buying interest resurfaces

After thirteen consecutive weeks of decline, ethylene costs in this region are now at the lowest levels since August 2020 with a high possibility the current downtrend might persist in the near term.
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19 Jun 2023

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

Traders credited the pre-Dragon Boat holiday replenishment activities for the strong sentiment. Besides, coal-based PP and PE cargoes on the auction platform are still more competitive than spot materials
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14 Jun 2023

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Thailand major slashes HDPE offers to the Chinese market

Despite the large price cuts, initial responses from Chinese buyers are rather disappointing. It is important to note that Thailand HDPE cargoes, unlike LLDPE, face a 6.5% import duty in China.
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14 Jun 2023

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China Morning Snapshot – 14 June 2023

Key PP and LLDPE contracts on Dalian Commodity Exchange ended the morning session with sharp increases on optimism surrounding the surprising interest rate cuts by the PBOC.
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14 Jun 2023

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

Trading activities on the Shenhua auction platform performed considerably better than the previous session as market confidence improved sharply after the People’s Bank of China (PBOC) cut short-term borrowing costs to support recovery.
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13 Jun 2023

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Taiwanese major cuts July PVC offers to Asia; fourth straight month of decline

On the bright side, responses from Indian customers are surprisingly strong.
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13 Jun 2023

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Malaysian LDPE continues to journey south in Vietnam amid soft demand regionwide

The Malaysian producer seems to be focusing on protecting the bottom-line after recording a loss of RM 286 million in the first quarter of 2023 due to reduced operating rates and weak regional demand
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