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Chinese PET bottle market faces prolonged downturn amid weak energy, seasonal lull
31 Oct 2024 In the upstream market, key PX and PTA contracts on the Zhengzhou Commodity Exchange have fallen by approximately 12.6% and 11.6% since the Golden Week holiday, further exacerbating the bearish sentiment in the downstream PET sector.
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31 Oct 2024

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China Morning Snapshot – 31 October 2024

While this day-on-day accumulation is unusual during a trading session, market sources attribute it to routine month-end adjustments. Observers noted that inventory levels, while elevated, remain manageable.
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30 Oct 2024

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Indonesian major maintained local PP, PE offers steady for the fourth consecutive week

In Indonesia, PP and PE trading activity remains sluggish. After recent replenishment efforts, buyers are now adopting a wait-and-see approach, closely observing both domestic and international political and economic developments to better anticipate potential price shifts towards year-end.
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30 Oct 2024

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Chinese PP exports extended the weakening trend amid cautious buyer sentiment

However, the downward adjustments remained minor. The steady need-based purchases at home coupled with reduced plant utilization rates helped to keep any excessive inventory pressure in check at the moment.
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30 Oct 2024

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China Morning Snapshot – 30 October 2024

Market sources suggest that at this rate, the two companies could lower stock levels below the 700,000-ton threshold before the weekend, potentially alleviating inventory pressures that have weighed on the local market since the Golden Week.
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30 Oct 2024

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30 October 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua auction platform concluded today's session on a weak note. Despite a CNY20/ton discount on homo-PP, market participants were hesitant to increase their purchases, resulting in lower sales volumes compared to the previous session.
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29 Oct 2024

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China Morning Snapshot – 29 October 2024

The most-traded PP and LLDPE contracts on the Dalian Commodity Exchange closed the morning session with notable declines, weighed down by steep drops in upstream crude oil prices.
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29 Oct 2024

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29 October 2024 - Shenhua's coal-based PP and PE Auction Results

While Chinese bidders portrayed thin interest in PP, demand for LLDPE remained satisfactory driven by consistent demand for agricultural film in northern China.
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