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News Insight & Analysis

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China Morning Snapshot – 21 December 2020
21 Dec 2020 Players are rather concerned over the new COVID-19 strain found in Europe, which could trigger tighter lockdown in this market and restraint end-product demand.
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18 Dec 2020

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South Korean producer steps back on ABS offer to Southeast Asia

Demand for ABS in Southeast Asia has been soft over the past several weeks as buyers are unable to transfer the rapid hike in raw material costs to end-products selling prices.
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18 Dec 2020

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Indian producer continues lifting local PVC prices as demand slightly softens

While the price adjustment reflects the general market trend, sources said that the actual transactions in the distribution market are at much higher levels.
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18 Dec 2020

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

With additional reduction on the deal prices, the number of transactions remain satisfactory on the final trading day of the week.
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18 Dec 2020

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China Morning Snapshot – 18 December 2020

Spot offers gain CNY50-100/ton; however, most deals are done at the same levels in the previous day.
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18 Dec 2020

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Another Saudi producer opened January PP and PE offers to SEA and China

In Vietnam, players are puzzled by the large location gap with China, especially for homo-PP cargoes with a $140/ton difference.
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17 Dec 2020

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Saudi producer offers larger than expected discount on PE cargoes to Vietnam

Sources informed that the suppliers initially refused to offer any discount citing the lack of availability, yet finally stepped back due to intensifying resistance from the market.
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17 Dec 2020

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China’s local PP and PE production output mostly down in November: Statistics

Despite the month-on-month reduction, it is important to note that the total outputs have grown 13% compared to the same period last year.
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