14 Jan 2025
The Shenhua Auction Platform displayed divergent trading dynamics, with homo-PP garnering relatively robust demand, buoyed by resilience in the futures market. Despite a CNY 50/ton increase in auction prices, buying interest for homo-PP remained strong,
13 Jan 2025
A major Saudi Arabian producer has announced new PE offers for February shipments to Vietnam with a $20/ton increase compared to January. The price adjustment comes amid tightened supply attributed to a recent production issue.
13 Jan 2025
From the supplier's perspective, rising upstream costs and a weak Rupiah against the US dollar have significantly driven up production expenses. For naphtha-based producers, the inability to pass these additional costs on to buyers presents a serious challenge to long-term financial sustainability.
13 Jan 2025
Despite the firming futures market, sentiment in the domestic spot market remained mixed, with LLDPE film extending a downward correction. Spot LLDPE film offers fell by another CNY 50-100/ton, weighed by new supply from Shandong Yulong Petrochemical’s new million-ton-per-annum swing facilities entered the market.
13 Jan 2025
Shenhua concluded the first trading session of the week on a mixed note, as contrasting factors shaped market sentiment across segments. A strong performance in futures contracts on the Dalian Commodity Exchange lent support to the homo-PP market.
10 Jan 2025 SPVC k67-68 SPVC (A) k67-68
Southern China saw particularly robust trading activity as buyers engaged in pre-Lunar New Year stock replenishments, taking advantage of current attractive price levels. Several trading houses reported satisfactory transaction volumes
10 Jan 2025 PET Bottle
The startup of several domestic production plants has significantly increased supply, while demand remains subdued, failing to meet market expectations. Despite a moderate rise in key futures contracts on the Zhengzhou Commodity Exchange, buyers have adopted a cautious stance amid a murky short-term market outlook.
