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News Insight & Analysis

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Weaker demand pressures local PVC market in China and India
22 Dec 2020 Over the past week, Chinese suppliers have been actively exploring the export market, especially to the South Asia market, where demand for PVC remains relatively stronger.
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22 Dec 2020

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Taiwanese producer steps back on ABS offer to Vietnam as demand weakened

Players reported that shipping costs from Taiwan to Vietnam have been increasing by $100 per 20-foot container this week, while container shortages remain in place.
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22 Dec 2020

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

The number of transactions is satisfactory on the auction platform this morning as Shenhua agreed to a slight discount from the previous trading day.
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22 Dec 2020

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China Morning Snapshot – 22 December 2020

Sources said that the market would remain rangebound toward the end of the week as the holiday mood kicks in.
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21 Dec 2020

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Vietnamese LDPE film market entered correction as re-export cargoes emerged

Chinese converters are slowing down purchases because of multiple factors, including environmental control, electricity shortage, and also the lack of feeder vessels in Southern China that cause major logistic constraints.
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21 Dec 2020

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Major Malaysian producer continues lifting PP and PE offers to Indonesia

The latest hikes elevate the offers to the current market levels, especially for LDPE cargoes, however, demand in Indonesia has been steadily declining as resistance builds up.
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21 Dec 2020

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Indonesian producer keeps PP, PE prices stable amid thin demand

A reported earlier, many small-scale manufacturers in the injection sector are allowing worker to take off for holiday starting 20 December to 4 January 2021 in order to recalibrate the costs and profits.
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21 Dec 2020

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

The availability for homo-PP is much better than the previous week, however, transactions are weak partially due to the higher price levels the producers set for this grade.
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