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News Insight & Analysis

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Chinese buyers cautiously accepted higher import PE cargoes from Saudi Arabia
15 Dec 2022 In the immediate term, real demand is subdued. Still, market participants are betting forward, expecting the demand to pick up in February – March 2023.
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15 Dec 2022

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China Morning Snapshot - 15 December 2022

Despite the struggling futures market, spot PP and PE offers continue to track a stable to firmer trend toward the end of the week.
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15 Dec 2022

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

Trading sentiment on the Shenhua auction platform remains healthy toward the end of the week underlining the confidence among bidders on the medium-term demand outlook.
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14 Dec 2022

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The Indian PVC market takes a breather from the firming trend as buyers slow down

However, Indian buyers started to take a step back after weeks of active restocking citing the higher risks associated with the current prices.
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14 Dec 2022

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China Morning Snapshot - 14 December 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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