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Saudi producer signals higher PE prices for Southeast Asia, market response uncertain
18 Oct 2024 A source close to the producer explained that the price hike is largely driven by a strengthening trend in China’s PE market, despite the muted impact of recent economic stimulus measures by the Chinese government.
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18 Oct 2024

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Rally in Chinese LDPE film market stalls amid rising domestic supply and dwindling confidence

The market's momentum has been undermined by the prospect of increased domestic supply, which has alleviated concerns over reduced overseas availability, particularly from key suppliers like Iran.
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18 Oct 2024

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China Morning Snapshot – 18 October 2024

The market for PP and PE in China remains under pressure as the October 17 government stimulus failed to significantly influence the prevailing market sentiment.
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18 Oct 2024

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18 October 2024 - Shenhua's coal-based PP and PE Auction Results

Key contracts for PP and PE on the Dalian Commodity Exchange (DCE) exhibited weak sentiment this morning, reflecting subdued results on the auction platform. Homo-PP, in particular, struggled to attract more deals despite a CNY 30-40/ton ($4-6/ton) discount.
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17 Oct 2024

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China Morning Snapshot – 17 October 2024

Despite these moderate sales, the absence of more substantial stimulus measures from the government after the policy briefing dampened any remaining optimism in the market, pushing traders further to the sidelines.
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17 Oct 2024

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17 October 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform concluded today’s session with mixed results. The PP market continues its rally, supported by a further discount of CNY20/ton ($3/ton), which has sparked buying interest among Chinese bidders.
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16 Oct 2024 PET Bottle

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Chinese PET bottle market faces continued downward pressure amid weak demand and volatile costs

Chinese and overseas buyers alike have stocked up comfortably at the cyclical lows before the National Day holiday and are currently in no rush to pursue fresh purchases at current prices.
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16 Oct 2024

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China Morning Snapshot – 16 October 2024

Anticipation is now building for a joint press conference between the Chinese government and the People’s Bank of China on Thursday, 17 October, where authorities are expected to unveil new stimulus measures, particularly for the ailing housing sector.
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