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News Insight & Analysis

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Asian ethylene market leap to multi-month high on tightened supply conditions
20 Aug 2024 Industry insiders also reported a reduced number of US cargoes in recent weeks as the series of production outages in the North American region pushed local prices higher and narrowed the export window to Asia.
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20 Aug 2024

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

The surge in import LLDPE arrivals has heightened concerns about hidden inventory pressures among local traders, prompting buyers to pull back on their purchases, further dampening market activity.
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19 Aug 2024

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Major Indian producer cut local PVC offers for the second time in August

The Indian PVC market has been under pressure for weeks, exacerbated by the ongoing monsoon season. To stimulate buying interest, the producer has supplemented the price reduction with additional discount schemes and price protection measures.
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19 Aug 2024

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Key Indonesian producer slashed local PP, PE offers on currency exchange

Over the past week, the Rupiah appreciated by about 5% against the US dollar, driven by expectations of the Federal Reserve lowering key interest rates in September. A stronger local currency typically leads to a drop in commodity prices traded in that currency.
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19 Aug 2024

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China Morning Snapshot – 19 August 2024

Meanwhile, several BOPP film and sheet converters reported mediocre end-product demand despite it being the traditionally high-demand season.
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19 Aug 2024

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

After a week of sluggish trading, the Shenhua Auction Platform commenced the new week with robust activity, buoyed by a rebound in futures contracts on the Dalian Commodity Exchange. Despite the improved trading sentiment, the coal-based producer strategically reduced auction prices
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17 Aug 2024

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Saudi producer set to slash September PE offers to Southeast Asia amid market pressure

A source close to the producer informed CommoPlast that the ongoing weakness in major Asian markets, including China and India, is exerting substantial pressure on the Southeast Asian market.
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17 Aug 2024 LD Film LD Inj LD Lamination

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Malaysian LDPE plummeted in Vietnam as weak demand, intense competition bit

Despite limited availability due to reduced operating rates, weak demand and fierce competition from other sources triggered these drastic price cuts. Numerous LDPE film cargoes from other origins have been trading below the $1200/ton mark for several weeks.
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