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News Insight & Analysis

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Chinese PVC market stabilises at historic lows; export carbide-based PVC inches lower
10 Dec 2024 Chinese suppliers surprised the market on the first trading day of the week by trimming export offers for carbide-based PVC by $5/ton, setting a new low despite a stabilising local market and optimism surrounding the Politburo meeting.
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10 Dec 2024 LD Film

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Chinese LDPE film market dwindles amid waning seasonal demand, improved supply

The Chinese LDPE film market continues to grapple with persistent headwinds, driven by a combination of diminishing seasonal demand and an improved local supply environment, exerting downward pressure on prices.
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10 Dec 2024

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China Morning Snapshot – 10 December 2024

In the spot market, six consecutive sessions of declining LLDPE futures, combined with an improving supply outlook from local plants resuming operations after maintenance, pressured sellers to lower LLDPE film prices by CNY 50/ton.
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10 Dec 2024

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10 December 2024 - Shenhua's coal-based PP and PE Auction Results

Trading activity on the Shenhua Auction Platform saw a significant surge in response to the government’s announcement of more proactive stimulus measures aimed at bolstering domestic consumption. Improved market confidence, combined with limited auction volumes, offset the impact of a modest CNY 20-30/ton price increase.
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09 Dec 2024

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Three Chinese PE plants to resume operations, poised to ease LLDPE supply tightness

While some suppliers began softening their pricing stance late last week in light of these production resumptions, many market participants remain optimistic, believing the rally has not yet peaked.
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09 Dec 2024

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Indonesian PP and PE markets turned stable to soft; the HDPE sector weakened amid increased competition

A key Indonesian producer has announced weekly PP and PE offers to the domestic spot market, and surprisingly, the suppliers maintained LLDPE offers largely unchanged despite the recent 50% cut in contract allocations for December.
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09 Dec 2024

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China Morning Snapshot – 09 December 2024

Weak macroeconomic data has led to heightened calls for additional policy stimulus in December. However, Chinese buyers, drawing from past experiences, are cautious about speculating on potential support measures ahead of the upcoming Central Economic Work Conference.
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09 Dec 2024

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09 December 2024 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders returned to the Shenhua Auction Platform on the first trading day of the week, driven by moderate gains in the futures market and the appeal of auctioned coal-based parcels.
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