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News Insight & Analysis

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Indian homo-PP market strengthens amid reduced supply and renewed buying interest
31 Jan 2025 The Indian homo-PP market experienced a notable shift over the past week, with tighter supply conditions fuelling increased buying activity. Planned maintenance shutdowns at both domestic and international production facilities have constrained availability, prompting buyers to engage in short-covering.
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31 Jan 2025 Propylene

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Asian propylene market stabilises after seven-week rally; focus shifts to China's new capacity

Data showed that at least four new PDH units in China are scheduled to commence operations in the first half of 2025. Speculation persists that these startups may face delays due to unfavourable market conditions. However, the recent trend of new PP and PE plants coming online as scheduled—or even ahead of plan
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27 Jan 2025

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Malaysian producer cuts February PP prices to Indonesia; HDPE supply absent for second month

A prominent Malaysian petrochemical producer has announced significant price reductions for February PP shipments to Indonesia while continuing to withhold all HDPE offerings. This marks the second consecutive month without HDPE availability
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27 Jan 2025

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China Morning Snapshot – 27 January 2025

As the majority of market players paused business activities, attention among the remaining participants shifted to the post-Lunar New Year outlook. Although spot offers held steady, most buyers opted to delay procurements in anticipation of possible post-holiday adjustments.
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27 Jan 2025

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27 January 2025 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction platform is approaching the end of its monthly sales with notably limited volumes of LLDPE available. Despite a marginal recovery in the Dalian Commodity Exchange, purchasing activity has been lacklustre, as a significant portion of market participants have exited ahead of the Lunar New Year holiday.
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24 Jan 2025

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China Morning Snapshot – 24 January 2025

However, concerns persist about the broader market outlook. While some players are pinning hopes on potential post-holiday demand from the downstream BOPP sector, recent data paints a mixed picture.
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23 Jan 2025

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China Morning Snapshot – 23 January 2025

Trading sentiment in the domestic spot market has notably weakened. Many trading houses nationwide operated on half-day schedules today, signalling reduced market activity and potential for subdued discussions in upcoming sessions.
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23 Jan 2025

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23 January 2025 - Shenhua's coal-based PP and PE Auction Results

Shenhua has reportedly exhausted its January auction allocation, leaving only 900 tons of coal-based LLDPE film cargoes available. However, no transactions have been recorded for these volumes.
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