23 Dec 2024
Several key Chinese PP suppliers have opened export homo-PP offers on the first trading day of the week, maintaining prices on the stable to softer track despite the stabilizing domestic front. A weakened Yuan provided exporters extra room to navigate the challenging export front.
23 Dec 2024
23 Dec 2024
Shenhua maintained robust transaction activity on its Auction Platform as the year draws near to a close. The coal-based petrochemical producer experienced reduced sales pressure, evidenced by a decline in auction volumes for PP and PE in recent weeks.
20 Dec 2024 SPVC k67-68
Despite the thin margins, sellers managed to offload a substantial number of cargoes. However, efforts to raise offers were swiftly rebuffed. Buyers, grappling with uncertainties linked to India's unresolved ADD hearing and a weak macroeconomic outlook, were unwilling to accept higher prices.
20 Dec 2024
20 Dec 2024 Ethylene
The Northeast Asian ethylene market recorded its first decline in ten weeks as concerns over limited supply conditions eased following recent startups in China, while weak downstream demand persisted. Spot market activity remained muted as participants focused on 2025 term contract negotiations.
20 Dec 2024
Despite a lackluster trading session in the futures market on the Dalian Commodity Exchange, auction results concluded with a stronger performance compared to the previous session, particularly for homo-PP, which was supported by a CNY 150/ton discount.
