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News Insight & Analysis

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China Morning Snapshot – 24 May 2024
24 May 2024 The prevailing consensus is that spot offers need to decrease by at least another CNY100/ton to get better market engagement.
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24 May 2024

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

After a disappointing trading session yesterday, all three traded commodities on the Shenhua Auction Platform came out stronger today with deals achieving above 94%.
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23 May 2024

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Malaysian producer cuts PP, HDPE offers to Indonesia for June loading, LDPE remained on the rise

Across Southeast Asia, market participants closely monitor the recent upsurge in Chinese PP offers and the rising shipping costs.
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23 May 2024

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China Morning Snapshot – 23 May 2024

While official homo-PP offers from local producers are stable from the previous session, traders are open to negotiation with serious buyers.
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23 May 2024

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

In a bold move, Shenhua decided to lift auction prices by CNY50/ton for homo-PP and CNY30/ton for LLDPE from the previous session against all the odds.
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22 May 2024

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Saudi producer set final PE prices for June shipment to Vietnam above offer levels in an unusual move

Sources believed that the controversial price decision in Vietnam derives from the ultra-bullish expectations following the strong responses in China.
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22 May 2024

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Explaining: Surging shipping costs and the challenges facing Chinese petchem suppliers

Amid the persistently sluggish demand in the nearby Southeast Asian market, Chinese sellers decided to direct their cargoes to farther destinations, including South America and Africa, but sales fell drastically in May.
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22 May 2024

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China Morning Snapshot – 22 May 2024

Still, buyers have no urge to procure larger quantities while holding expectations that further price corrections are inevitable.
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