19 April 2024 - Shenhua's coal-based PP and PE Auction Results

19 Apr 2024 Despite a marginally higher auctioned volume for PPBC and LLDPE compared to the previous session, the platform echoed a strong note akin to the Dalian Commodity Exchange.

18 Apr 2024

China Morning Snapshot – 18 April 2024

The market exhibited an apathetic buying appetite in the morning, with local distributors striving to offload more cargoes through negotiation ahead of the upcoming Labour Day.

18 Apr 2024

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

The auctioned LLDPE achieved a 100% rate thanks to the limited volume, while homo-PP saw a slight decrease compared to the previous day, attributed to a CNY10/ton higher dealt price.

17 Apr 2024 PET Bottle

Chinese PET bottle market regains ground on stronger upstream costs; upside capped by new startups

Many Chinese PET bottle converters have already stocked up comfortably for the near-term production needs and even though finished goods demand remained stable, buyers tend to negotiate aggressively

17 Apr 2024

China Morning Snapshot – 17 April 2024

Trading activities remained mediocre and buyers refused to proceed with purchases unless discounts were provided, which was frustrating to local traders.

17 Apr 2024

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

Consequently, those in need of replenishing cargoes showed a preference for sourcing from the auction due to the comparatively more attractive pricing than the spot market.

16 Apr 2024

Taiwanese PVC producer surprisingly dropped May offers to Asia by $30/ton

Weak demand has been weighing on the market for weeks, however, the rapid depreciation of the Asian currencies against the US dollar further erode market confidence.

16 Apr 2024

Saudi Arabia producer announced May PE offers to Vietnam; HDPE film loses steam

The price decision highlighted the weakening trend in the Vietnamese HDPE market in recent weeks.

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