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News Insight & Analysis

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Saudi Aramco cuts propane prices to Asia for the sixth straight month
28 Sep 2022 Saudi Aramco has opened the October propane contract price to Asia with a reduction of $60/ton from the previous month, marking the sixth consecutive month of decline.
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28 Sep 2022

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Price List: Zhongjing cuts export PP offers for the second time this week

Chinese customers start to embrace the holiday mood, which means sellers here might focus on the export market to deplete more cargoes. With supply showing signs of improvement, the downward pressure might build up.
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28 Sep 2022

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China Morning Snapshot – 28 September 2022

For the first time since late January 2022, the domestic inventories fell below the 600,000 tons threshold.
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27 Sep 2022

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[FREE] 27 September 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese buyers show better interest in LLDPE cargoes due to the lower availability for this grade. The heavy influx of previously purchased homo-PP is pressurizing the local market.
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27 Sep 2022

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Import homo-PP market softened in Vietnam, and buyers responded well to some cargoes

Several major overseas suppliers have stepped back on import homo-PP offers to Vietnam this week, effectively ended the seven rallying weeks as demand weakens, supply improved while the depreciation of the local currency
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27 Sep 2022

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China Morning Snapshot – 27 September 2022

The firm stance observed in the domestic spot market the previous day failed to sustain. Under the pressure of the persistently weak futures market, Chinese sellers have no choice but the step back on both PP and PE price lists.
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26 Sep 2022

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[FREE] 26 September 2022 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform concluded the session with a mediocre result. Buying interest for homo-PP seems particularly sluggish even after a discount of CNY50/ton from the previous day.
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26 Sep 2022

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Singaporean mPE extended the falling trend in China, and Indonesia on weak demand

The producer has been reducing mPE offers to Indonesia for several weeks in a row, a development market participants attributed to the increase in competition from a local producer, Thailand, South Korea, and the USA.
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