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News Insight & Analysis

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Heavy supply and weak demand dragged the Chinese HDPE film market
16 Jul 2024 On the supply side, seven local producers are bringing eleven HDPE plants online between July and August following the recent maintenance schedules. The return of local cargoes coincides with the arrival of previously purchased imported parcels, drastically boosting availability.
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16 Jul 2024

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China Morning Snapshot – 16 July 2024

Industry participants noted that PP producers have limited capacity for further price reductions due to already squeezed margins.
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15 Jul 2024

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Indonesian major cut local offers twice in three days, pushing buyers further to the sidelines

In the span of three days, a major local producer in Indonesia has down-adjusted spot PP and PE offers twice in an attempt to stimulate buying interest while supply is recovering from the recent tightness.
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15 Jul 2024

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Chinese producers trimmed export PP offers amid a persistent weakness at home

Despite weak performance on the Dalian Commodity Exchange, the absence of substantial inventory pressure and strong upstream propylene costs have prevented any drastic downturn in the local PP market.
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15 Jul 2024

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China Morning Snapshot – 15 July 2024

Chinese suppliers opted to keep spot PP and PE offers unchanged from late last week but indicated a willingness to enter negotiation with serious buyers.
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15 Jul 2024

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

Currently, auction prices for both coal-based homo-PP and LLDPE film are approximately CNY 100/ton below the spot market prices, which has incentivized customers to make purchases.
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11 Jul 2024

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Chinese PP export offers remain steady despite weak local sentiment

At least three Chinese PP producers have maintained their export offers at unchanged levels compared to previous weeks, despite persistently sluggish local trading sentiment and a significant lack of competitiveness in the international market.
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11 Jul 2024

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China Morning Snapshot – 11 July 2024

Throughout this week, Sinopec and CNPC reported only one daily decline in their PP and PE stocks out of four days. For the second consecutive day, both producers' inventory levels remained unchanged
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