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China’s local PET market sees first rebound since post-Golden Week holiday
15 Nov 2024 Sellers' confidence has been buoyed by reduced sales pressure, as many Chinese PET producers lowered operating rates in response to the seasonal winter slowdown. Weeks of price declines also encouraged some buyers to return to the market.
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15 Nov 2024

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China Morning Snapshot – 15 November 2024

Key domestic producers, Sinopec and CNPC, reported a further reduction of 15,000 tons in their combined PP and PE inventories. Since the start of November, both producers have drawn down approximately 14% of their inventories, effectively mitigating potential supply pressure in the local market.
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15 Nov 2024

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15 November 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform concluded today's session on a strong note, supported by improved trading sentiment in the futures market on the Dalian Commodity Exchange, especially for LLDPE. Despite price hikes of CNY 140/ton, buying activity remained robust
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14 Nov 2024

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China Morning Snapshot – 14 November 2024

Despite the weakness in the futures market, domestic spot PP and PE offers remained unchanged from the previous session, supported by manageable inventory pressure.
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14 Nov 2024

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14 November 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform wrapped up today’s session with strong results, achieving a 100% sell-off rate for coal-based LLDPE, despite lackluster futures trading on the Dalian Commodity Exchange. A CNY 40/ton increase in the auction price did not discourage
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13 Nov 2024

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China Morning Snapshot – 13 November 2024

Market sources attributed the generally firmer price levels to unexpected production disruptions at two key petrochemical plants in southern China: Oriental Energy Maoming and CSPC Phase II.
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13 Nov 2024 Ethylene

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Asian ethylene market remained on a stable to firmer track amid pent-up demand

The Northeast Asian ethylene market has trended upward for six consecutive weeks, driven primarily by reduced operating rates among naphtha crackers in South Korea and Japan and a slight uptick in Chinese demand.
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13 Nov 2024

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13 November 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform concluded today’s session on a strong note, buoyed by a substantial rebound in the futures market on the Dalian Commodity Exchange (DCE).
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