China Morning Snapshot – 29 March 2021

29 Mar 2021 Traders continue to face difficulties to conclude deals as buyers await further reports on the Suez Canal incident.

29 Mar 2021

Asia butadiene market plunged despite shutdowns in China

The Asian butadiene market plunged sharply on 26 March 2021 on the back on falling demand and growing supply from Southeast Asian and Indian suppliers.

26 Mar 2021

Indonesian PET market continues to fall on weakening upstream costs

Market sources said that suppliers from Taiwan and South Korea might pay more attention to the EU market due to the import duty advantage, easing pressure on the Southeast Asian region.

26 Mar 2021

Chinese homo-PP offers breached below the $1400/ton threshold in SEA

A small number of deals have been achieved for coal-based cargoes at the new price levels, however, buyers remain cautious in general.

26 Mar 2021

China: Auction sales result for Shenhua's coal-based PP and PE

Purchasing activities pick up significantly on the final trading day of the week after the producer agreed to lower deal price levels.

26 Mar 2021

China Morning Snapshot – 26 March 2021

Sources said that customers are making small purchases at the lower end of the overall price range while hoping for additional reductions in the coming week.