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China Morning Snapshot – 29 August 2024
29 Aug 2024 Chinese buyers continued to stay sidelines to wrap up the recent businesses before committing to new purchases, leading to a sharp deceleration in market activity. Still, local suppliers maintain a firm stance on spot PP and PE prices.
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29 Aug 2024

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

The Shenhua Auction Platform wrapped up today’s session with what could be described as a lukewarm outcome. While there was a noticeable uptick in buyer activity, spurred by the recent rebound on the Dalian Commodity Exchange, the overall mood remained cautious.
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28 Aug 2024

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Malaysian producer slashed local PP, PE offers on exchange rates, weak demand

A leading domestic producer in Malaysia has announced significant reductions in PP and PE offers for September delivery, citing the ongoing price correction across Southeast Asia, a strengthened local currency, and persistently weak demand conditions.
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28 Aug 2024 LL C4 Film

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Chinese LLDPE film market gains traction as demand shows signs of improvement

On the demand side, buying activities from the agricultural greenhouse sector have visibly improved, with expectations that converters in the mulch film segment will return for replenishment in the coming weeks.
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28 Aug 2024

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China Morning Snapshot – 28 August 2024

After several days of active replenishment, Chinese buyers have noticeably slowed their purchasing activities by midweek, focusing instead on completing paperwork and reassessing the near-term market conditions.
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28 Aug 2024

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28 August 2024 - Shenhua's coal-based PP and PE Auction Results

As the rally on the Dalian Commodity Exchange loses steam, Chinese bidders have pulled back from the Shenhua Auction Platform to reassess the near-term outlook, leading to a significant drop in transactions.
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27 Aug 2024

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Taiwanese producer opened September PVC offers with steep reductions

Market reception to the new offers has been tepid, with Southeast Asian buyers expressing disappointment that prices remain above the $800/ton threshold – a level undercut by Chinese and regional competitors.
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27 Aug 2024

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China Morning Snapshot – 26 August 2024

The domestic spot market maintained a positive trading sentiment even after the latest price hikes. Market sources suggest that the down-cycle may have bottomed out, with the manufacturing season gaining momentum and prompting more active restocking by buyers.
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