China Morning Snapshot – 11 December 2024

11 Dec 2024 Trading in the LLDPE market revived after two days of sluggish activity, as stability in both futures and the spot market encouraged buyers to return to the market for replenishments. However, purchases remained need-based

11 Dec 2024

11 December 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua Auction Platform closely mirrored mid-week developments on the Dalian Commodity Exchange. Transactions for coal-based homo-PP showed moderate weakening compared to the previous session

10 Dec 2024 SPVC (A) k67-68

Chinese PVC market stabilises at historic lows; export carbide-based PVC inches lower

Chinese suppliers surprised the market on the first trading day of the week by trimming export offers for carbide-based PVC by $5/ton, setting a new low despite a stabilising local market and optimism surrounding the Politburo meeting.

10 Dec 2024 LD Film

Chinese LDPE film market dwindles amid waning seasonal demand, improved supply

The Chinese LDPE film market continues to grapple with persistent headwinds, driven by a combination of diminishing seasonal demand and an improved local supply environment, exerting downward pressure on prices.

10 Dec 2024

China Morning Snapshot – 10 December 2024

In the spot market, six consecutive sessions of declining LLDPE futures, combined with an improving supply outlook from local plants resuming operations after maintenance, pressured sellers to lower LLDPE film prices by CNY 50/ton.

10 Dec 2024

10 December 2024 - Shenhua's coal-based PP and PE Auction Results

Trading activity on the Shenhua Auction Platform saw a significant surge in response to the government’s announcement of more proactive stimulus measures aimed at bolstering domestic consumption. Improved market confidence, combined with limited auction volumes, offset the impact of a modest CNY 20-30/ton price increase.

09 Dec 2024

Three Chinese PE plants to resume operations, poised to ease LLDPE supply tightness

While some suppliers began softening their pricing stance late last week in light of these production resumptions, many market participants remain optimistic, believing the rally has not yet peaked.

09 Dec 2024

Indonesian PP and PE markets turned stable to soft; the HDPE sector weakened amid increased competition

A key Indonesian producer has announced weekly PP and PE offers to the domestic spot market, and surprisingly, the suppliers maintained LLDPE offers largely unchanged despite the recent 50% cut in contract allocations for December.

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