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China Morning Snapshot – 02 September 2024
03 Sep 2024 Despite a confluence of bearish factors — including declining crude oil prices, weak futures trading, and the significant inventory accumulation — Chinese suppliers maintained a firm stance on spot PP and PE offers.
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03 Sep 2024

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03 September 2024 - Shenhua's coal-based PP and PE Auction Results

During today’s session, trading sentiment on the Shenhua Auction Platform showed notable improvement, despite continued declines in futures contracts on the Dalian Commodity Exchange.
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02 Sep 2024

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Rebounded export activities eased pressure on the local PVC market in China

Since early August, Chinese suppliers have capitalized on normalizing shipping costs and the anticipated delay in the implementation of the Quality Control Order (QCO) to secure a significant number of deals with Indian buyers.
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02 Sep 2024

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02 September 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform commenced the first trading session of September with lackluster results, reflecting the broader sentiment in the domestic spot market. Chinese bidders largely retreated to the sidelines, seeking to gauge the effects of declining crude oil prices and rising local inventories.
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30 Aug 2024

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Saudi Aramco lifted propane prices to Asia for the second consecutive month

Propane demand typically surges during winter as it is widely used for heating, and industry sources suggest that prices could remain elevated through the end of the year if supply constraints persist.
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30 Aug 2024

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Indonesian PP, PE markets climb on traders' efforts to lift sentiment amid tight supply

The Indonesian PP and PE markets closed the week on a higher note as a key local trading house raised offers to domestic buyers, aiming to align with the bullish sentiment observed in the import market.
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30 Aug 2024

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Chinese PET bottle market tracked stable to firmer trend ahead of the launching of PET futures trading

Despite tepid demand in the local market, Chinese PET bottle suppliers kept spot offers on a firm note throughout the week ahead of the launching of a new PET futures contract on the Zhengzhou Commodity Exchange (ZCE).
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29 Aug 2024

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Local homo-PP market tracks stable to firmer trend in Vietnam amid signs of improving demand

Market insiders suggest that the spillover effect from pent-up demand in China is a crucial factor behind the price hike. With the Chinese market showing signs of strengthening, local suppliers in China are expected to prioritize domestic demand
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