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News Insight & Analysis

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China Morning Snapshot – 19 May 2021
19 May 2021 Export window might open again in the near term would local prices continue to fall, widening the price gap with the stabilizing Southeast Asian market.
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19 May 2021

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

Trading activities on Shenhua’s auction platform come to a near stop by mid of week as Chinese buyers withdraw to the sideline.
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18 May 2021 PPH Inj PPH Raf

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

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.
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18 May 2021

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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.
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18 May 2021

insight

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.
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17 May 2021

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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.
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17 May 2021

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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.
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17 May 2021

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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.
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