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News Insight & Analysis

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Chinese PS declines further in Vietnam as weak upstream market saps buyer confidence
26 Mar 2025 The Asian SM market has now been on a five-week losing streak, shedding approximately $90/ton since its cyclical peak in mid-February 2025
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26 Mar 2025

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China Morning Snapshot – 26 March 2025

Despite steady offers from producers—citing limited movement in Dalian futures—market scepticism persisted over a potential disconnect from underlying fundamentals.
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25 Mar 2025

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Shenhua Auction: PP sales edged up to solid, outperforming LLDPE

The Shenhua Auction Platform closed with mixed acceptance rates, maintaining the divergence between the PP and LLDPE segments. This disparity mirrored trends on the Dalian Commodity Exchange, where PP contracts continued to outperform LLDPE.
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25 Mar 2025

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Shandong Yulong Auction: Homo-PP yarn sales weakened as buyers rejected price hike

Resistance was particularly evident in the homo-PP yarn segment, where acceptance rates plummeted by 36% from the previous session. Market participants cited a widening disparity between auction and spot prices,
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25 Mar 2025

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Malaysian producer unexpectedly reduces LLDPE film offers despite tight supply

The decision has sparked intense debate among market participants, with buyers voicing concerns over the near-term price trajectory and broader market stability.
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25 Mar 2025

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China Morning Snapshot – 25 March 2025

On the domestic spot market, Chinese producers raised homo-PP offers by CNY 50/ton for the second consecutive session, underpinned by firm futures performance and rapid inventory drawdowns.
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24 Mar 2025

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Saudi major hikes April PE offers to Southeast Asia amid lingering supply crunch

Indeed, the Vietnamese Dong weakened sharply against the US dollar at the start of the week, with Vietcombank reference rates reaching VND 25,810. A weaker currency inevitably raises import costs
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24 Mar 2025 Propylene

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Asian propylene slump drags into seventh week as Chinese demand falters

The combination of improving domestic availability and deteriorating demand has intensified concerns over a prolonged downtrend, with industry participants increasingly pessimistic about the near-term outlook.
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