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China Morning Snapshot – 18 December 2020
18 Dec 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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17 Dec 2020

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

Transactions have improved significantly from the previous trading day on Shenhua Auction Platform, however, the deal prices have also moved lower.
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17 Dec 2020

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China Morning Snapshot – 17 December 2020

The market is watching out for pre-Lunar New Year replenishment activities now that manufacturers would allow the first batch of workers to leave for the holiday by 10 January 2021.
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16 Dec 2020

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Thailand producer lifted PE offers to Indonesia, thin transactions observed

Sources said that the downward pressure on the import market is building up and the only factor that supports higher prices is the shipping costs at the moment.
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16 Dec 2020 PET Bottle

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Chinese PET bottle tracks stable to firmer trend on shipping issue

Although shipping costs to Southeast Asia have cool off over the past week, Chinese exporters are still unable to locate sufficient empty containers at the moment.
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