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News Insight & Analysis

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China Morning Snapshot – 21 May 2024
21 May 2024 Additionally, the decline was influenced by economists who viewed China’s $42 billion property stimulus as insufficient and remain uncertain about its effectiveness in boosting the economy
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21 May 2024

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

While the auction prices for both homo-PP and LLDPE were up by CNY50/ton, there was a noticeable discrepancy in the auction results between both grades.
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20 May 2024

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Price List: China’s Zhongjing lifted export PP offers by $15/ton on stronger local market

The rally is driven by optimism over the economic recovery progress after the Chinese government introduced a $42 billion stimulus package to support the country’s falling property sector.
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20 May 2024 HD Film LD Film LL C4 Film

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Middle Eastern PE unvaryingly increased in China; buyers showed acceptance

Middle Eastern suppliers uniformly lifted import PE offers to China over the past week claiming supply tightness while shrugging off the falling upstream ethylene costs.
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20 May 2024

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Local PP market in Indonesia nosedived; PE sector dropped moderately on persistently sluggish demand

It is important to note that the maker’s official price list has been at the upper end of the overall range for some times and the reductions is necessary considering the competitive offers in the distribution front and the import ground.
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20 May 2024

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China Morning Snapshot – 20 May 2024

However, buying sentiment weakened sharply compared to last Friday, in line with the mounting resistance from buyers.
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20 May 2024

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

However, compared to the previous session, the number of transactions has dropped slightly as a result of higher auction prices.
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17 May 2024

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China Morning Snapshot – 17 May 2024

As the futures market rose to multi-month highs, local suppliers did not forego the opportunity to lift spot PP and PE offers to reflect the bullish situation.
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