06 Jan 2025
The Shenhua auction platform concluded on a subdued note, aligning with the weakening trend observed on the Dalian Commodity Exchange for PP and PE materials. In an effort to boost sales, coal-based producers implemented a price reduction of CNY 40-50/ton
03 Jan 2025 SPVC k67-68
The Indonesian PVC market has been under pressure for months, grappling with subdued demand, currency volatility, and regulatory uncertainties. The situation was further complicated by the government’s recent reversal of its planned VAT hike to 12% from January 1, 2025, maintaining the rate at 11%.
03 Jan 2025 SPVC k67-68 SPVC (A) k67-68
03 Jan 2025 PET Bottle
The Chinese PET bottle market entered 2025 with unexpected firmness, as suppliers raised both domestic and export offers despite widespread bearish expectations for January. This surprising move was driven by an upturn in futures trading and claims of reduced inventory pressure
03 Jan 2025
03 Jan 2025
Market participants remain watchful of pre-Lunar New Year replenishment activities, which traditionally signal a seasonal demand uptick. However, expectations of new supply entering the market are likely to suppress any significant restocking momentum.
02 Jan 2025 Butane Propane
For the first time since August 2024, Saudi Aramco, the world’s largest oil and gas producer, has reduced liquefied petroleum gas (LPG) prices for Asian markets, signalling a response to weakening demand. In addition, the petrochemical sector continues to face declining demand due to sluggish activity in downstream industries. Market sources highlight that the startup of new refining capacities in China
