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China Morning Snapshot – 19 July 2024
19 Jul 2024 The conclusion of the Third Plenum meeting without specific economic stimulus guidelines further dampened market confidence in the near-term outlook. The absence of clear policy direction leaves market participants grappling with uncertainty, contributing to the prevailing bearish sentiment.
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19 Jul 2024

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

Shenhua concluded the final auction session of the week on a soft note despite escalated efforts to stimulate buying interest. Chinese bidders remained cautious, prioritizing concerns about the bleak near-term outlook and declining futures trading over the seemingly attractive auction cargo.
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18 Jul 2024

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China Morning Snapshot – 18 July 2024

Local producers opted to maintain spot PP and PE offers unchanged despite the softer futures contracts, which negatively influenced buying activities.
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18 Jul 2024

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18 July 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform weakened slightly from the previous session, influenced by the continued decline on the Dalian Commodity Exchange. The coal-based producer's attempt to attract buyers by reducing auction prices by CNY 50/ton fell short of expectations.
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17 Jul 2024 PET Bottle

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Chinese suppliers trimmed PET bottle offers despite margin pressure as demand weakened

Indeed, Chinese producers have raised concerns over the weak inquiries from both local and international buyers, however, opined that any downward adjustments would be minor.
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17 Jul 2024

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China Morning Snapshot – 17 July 2024

Amid a stronger futures market, key local producers kept spot PP and PE offers unchanged from the previous session. Market responses improved slightly, although buyers remained cautious
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17 Jul 2024

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17 July 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform improved slightly from the previous session even though the coal-based producer held firm on auction and deal prices.
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16 Jul 2024

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Thailand PE slipped in Indonesia as weak local market weighed on imports

Despite ongoing shipping issues and port congestion causing significant delays in import arrivals, the local PE market in Indonesia has been declining for three consecutive weeks.
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