Saudi Aramco keeps June propane contract price unchanged despite comfortable supply

30 May 2024 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.

30 May 2024

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

30 May 2024

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.

29 May 2024

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.

29 May 2024

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

28 May 2024

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.

28 May 2024 SPVC k67-68 SPVC (A) k67-68

Chinese PVC market gallops higher; regional market expects sharp hikes on July shipment

Across the Asian market, players keep a close eye on the bullish development in China while gauging the possible pricing direction for July shipment offers.

28 May 2024

China Morning Snapshot – 28 May 2024

The local market experienced muted buying activity as most industry participants, having placed sufficient orders yesterday, chose to remain on the sidelines.

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