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News Insight & Analysis

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China Morning Snapshot – 31 May 2024
31 May 2024 Over the past couple of weeks, Chinese buyers have been actively making replenishments from the import market.
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31 May 2024

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31 May 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded the final trading day of the month on a mixed note with homo-PP achieving strong sales result while LLDPE witnessing a drastic drop even with the lowered auctioned volume.
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30 May 2024

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Saudi Aramco keeps June propane contract price unchanged despite comfortable supply

Industry insiders blamed the comfortable supply condition and reduced demand for heating fuel during the summer for the producer’s inability to uplift the offer.
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30 May 2024

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China Morning Snapshot – 30 May 2024

The Chinese government has outlined the action plan for decarbonisation in 2024 and 2025, which include “strictly and rationally” controlling coal consumption
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30 May 2024

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30 May 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform remained strong toward the month-end, driven by fear over the new carbon emission policies that target the coal-based petrochemical sector.
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29 May 2024

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China Morning Snapshot – 29 May 2024

The slight adjustment in spot PP offers did not stimulate buying interest among local converters as much as suppliers hoped for.
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29 May 2024

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29 May 2024 - Shenhua's coal-based PP and PE Auction Results

Most concluded deals were from buyers who wanted to replenish inventories as dealt prices today were slightly softer by CNY10 – 20/ton than on Tuesday
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28 May 2024

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Saudi major raises June PE offers to Vietnam amid supply constrain

Meanwhile, the demand for PE in Vietnam has started to dwindle as the market enters the traditionally off-peak season while converters struggling to transfer the costs to end-product buyers.
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