The ultra-bullish Chinese PE market: Saudi LLDPE film concluded with large hikes

18 Jan 2023 The audacious purchasing activities among Chinese customers this week raise many eyebrows overseas and the risk-taking just gets bolder as the long Lunar New Year holiday draws near.

18 Jan 2023

China Morning Snapshot - 18 January 2023

Although the price homo-PP gap between futures and spot markets has narrowed to CNY173-223/ton ($25 – 33/ton), arbitrage traders remained active to take advantage of the situation

18 Jan 2023

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

In fact, for the first time since October 2022, PP futures on Dalian Commodity Exchange surged above the CNY8000/ton threshold, creating an eyewatering price gap between the two trading platforms.

17 Jan 2023 HD Film LL C4 Film

Chinese, and Vietnamese buyers scooped up Saudi PE cargoes after minor discounts

In China, trading sentiment is surprisingly strong even though the weeklong Lunar New Year holiday is just around the corner.

17 Jan 2023

China Morning Snapshot - 17 January 2023

Surprisingly, trading activities remain satisfactory throughout the first half of the day even though most small to medium-scale manufacturers have already suspended operation by now.

17 Jan 2023

17 January 2023 - Shenhua’s Coal-based PP and PE Auction Results

Sources said that compared to LLDPE, arbitrage traders continue to enjoy better margins on futures PP contracts on Dalian Commodity Exchange, which encouraged these buyers to be more active in this segment.

16 Jan 2023

Local PP and PE offers continue to hike despite the appreciated Rupiah in Indonesia

In a span of a week, the Rupiah appreciated nearly 3.2% against the US dollar, according to data from Oanda, on expectations that the Federal Reserve would be less aggressive in the next interest rate hikes, now that inflation in the US is under control.

16 Jan 2023

China Morning Snapshot - 16 January 2023

The continuous price increment led customers to purchase polymers at a much smaller volume, ordering only on a needs basis.

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