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News Insight & Analysis

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China Morning Snapshot – 18 March 2021
18 Mar 2021 While local producers decided to maintain spot PP and PE prices unchanged, it is reported that traders are open to negotiation with serious buyers.
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17 Mar 2021

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SEA players: Plunging ethylene costs might not affect the PE market immediately

One thing to be sure of is that purchasing interest would weaken further because of the perceived higher risks associated with the upstream market.
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17 Mar 2021

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Local trader steps back on PP, PE prices in Indonesia for the second week in a row

Although the extent of the price reductions remains smaller than expected, this marks the second week in a row the supplier cut prices.
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17 Mar 2021

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

Transactions plunged drastically from the previous trading day, underlining the falling demand condition in the local ground even though prices remain largely unchanged.
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17 Mar 2021

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China Morning Snapshot – 17 March 2021

Most transactions are taking place between traders. Manufacturers remain very cautious while refraining from making new purchases as much as possible.
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16 Mar 2021

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Singaporean mPE registered another drastic hike in China

Following active purchasing activities in the previous week, Chinese buyers become less interested in the new offers, especially when prices have hit above the $1700/ton threshold.
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16 Mar 2021

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Qatari PE sees larger increases in China as regional supply tightened

The international PE market has been tracking the firming trend on the back of limited supply after the mass shutdown in the US due to the winter storm and surging demand in Latin America and Turkey markets.
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16 Mar 2021

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Local producer slashes homo-PP yarn offers in Vietnam

Vietnam is the second market within the Southeast Asian region that record declining spot homo-PP offers in the local ground.
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