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News Insight & Analysis

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China Morning Snapshot – 09 May 2024
10 May 2024 Although the combined PP and PE inventory belonging to Sinopec and CNPC are still above the psychological threshold of 800,000 tons, producers are in no rush to make any downward adjustments
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10 May 2024

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

Traders noted increased caution among buyers as the weekend approached, particularly considering perceived price declines. Many were uncertain whether prices would go into corrections in the following week.
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09 May 2024

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

Trading on the Shenhua Auction Platform remained consistent with yesterday's session, yielding satisfactory outcomes. Homo-PP and PPBC experienced an uptick in auctioned volume, while LLDPE saw a slight dip in performance.
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08 May 2024

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Northeast Asian ethylene market hit four-month lows as weak demand bites

The Northeast Asian ethylene market took a dive over the past trading days, touching the lowest levels since early January 2024 on the back of weak demand conditions.
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08 May 2024 PET Bottle

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Chinese PET market gallops lower amid fluctuating upstream, stagnating demand

Market sources said some Chinese suppliers have wrapped up May businesses and started offering June loading cargoes at the new price levels.
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08 May 2024

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China Morning Snapshot – 08 May 2024

Following the development, local traders observed a decline in sales throughout the morning session as local customers pushed back against the rising spot offers from suppliers.
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08 May 2024

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

All available commodities had deal prices that were marginally higher but still able to fetch good end figures suggesting market acceptance.
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07 May 2024 SPVC k67-68 SPVC (A) k67-68

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China’s PVC market remained flat post-holiday despite positive developments in the property market

While the immediate impact on the market is limited, Chinese PVC suppliers took this as a positive signal that the demand might be improving moving forward.
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