13 Dec 2024
Over the course of the week, the two petrochemical giants offloaded 70,000 tons, equivalent to 10.3% of their total inventory. This marks a smaller drawdown compared to the previous week, when inventories fell by 100,000 tons, or 14% - highlighting a moderated sales pace.
13 Dec 2024
As the year-end approached, Shenhua significantly reduced its auction volumes, a key factor driving the robust performance. Reports suggest that the coal-based producer's sales strategy for 2025 will allocate 60% of its output to the Auction Platform, 30% to the export market
12 Dec 2024 PET Bottle
Market participants are cautiously interpreting the surge in purchasing activities as a potential market support mechanism. However, a critical caveat remains: persistent weakness in the upstream PTA market could potentially constrain any significant price recovery in the PET bottle sector.
12 Dec 2024 LD Film
12 Dec 2024 PPH Raf
A primary concern for Southeast Asian buyers is the future of intra-regional shipping costs. With reduced demand for frontloading from US importers—due to the upcoming January ILA strike deadline and potential tariff increases—ocean freight rates are expected to decrease further.
12 Dec 2024
The gains on the Dalian Commodity Exchange encouraged spot suppliers to adopt a more confident stance, testing a stable to firmer trend. However, market sentiment remained mixed. While buying interest in the LLDPE sector was buoyed by seasonal demand
12 Dec 2024
According to market sources, this reduction stems from a strategic shift toward prioritizing offline sales to converters, allowing the producer to secure better profit margins. Additionally, Shenhua is reportedly withholding stock in anticipation of price increases in the near term.
