Import homo-PP market in China, Vietnam shows signs of stabilization

18 May 2021 Buyers are still not convinced that the market could register a strong rebound especially with the current COVID-19 outbreak across Asia that prompt lockdown.

18 May 2021

China Morning Snapshot – 18 May 2021

Sentiment in the domestic spot market remains sluggish, which encourages sellers to step back on both PP and PE prices.

18 May 2021

18 May 2021: Auction sales result for Shenhua's coal-based PP and PE

The allocations for auction have dropped from the previous day and it appears that Chinese buyers are willing to process with new purchases.

17 May 2021

Taiwanese maker postpone new PVC offers; SEA market started to dive

Players initially called for $100-200/ton reductions on June shipment offers, yet there have been opinions that suppliers might introduce even larger cuts.

17 May 2021

Indonesian producer continues to slash local PP and PE offers

There have been reports that many small-scale manufacturers in the injection molding sector are still off and would only return to work on 20 May 2021.

17 May 2021

Import PE offers to China continue to move lower amid concerns over demand

In the meantime, spot PE offers in the local ground decreased CNY50-100/ton ($8-16/ton) from the previous week with mediocre number of transactions observed.