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News Insight & Analysis

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Price List: China’s Zhongjing slashes export PP offers as local demand wanes
10 Apr 2023 The previous price hikes to reflect the surge in crude oil costs obviously did not yield the intended sales results for Zhongjing Petrochemical, both at home and in overseas market.
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10 Apr 2023

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Local PP, PE market in Indonesia stabilized following two weeks of weakening

The price decisions are welcomed by the local traders, who also start to be firmer on their prices right ahead of the long Ramadan holiday.
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10 Apr 2023

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China Morning Snapshot – 10 April 2023

On the other hand, homo-PP continues to slump, which pushes some Chinese suppliers to reduce their export offers to overseas buyers. The development is feared to have detrimental effects on the efforts to increase prices
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10 Apr 2023

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10 April 2023 - Shenhua's coal-based PP and PE Auction Results

For all the demand witnessed by LLDPE, the bulk of its’ orders come from the Northwestern region due to supply frailties whereas in other areas, orders are rather mediocre.
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07 Apr 2023

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China Morning Snapshot – 07 April 2023

Attempts to maintain spot PP and PE offers unchanged in the previous session obviously backfired, as it reflected in the disappointing number of transactions.
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07 Apr 2023

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07 April 2023 - Shenhua's coal-based PP and PE Auction Results

Although the number of deals concluded on the Shenhua auction platform dropped slightly compared to the previous session, ones could argue that the percentage of deals remains relatively satisfactory.
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06 Apr 2023

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Import homo-PP rebounded in Vietnam; sustainability remains in question

Prior to the rebound, Vietnamese and Asian buyers have been relatively bullish about the demand prospect in May citing the recovering Chinese economy.
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06 Apr 2023

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China Morning Snapshot – 06 April 2023

Except for LLDPE film, traders here witness mediocre purchasing activities for all other grades, a sign that buyers are not attracted to the current prices.
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