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News Insight & Analysis

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China Morning Snapshot – 14 March 2024
14 Mar 2024 While the overall trading sentiment in the domestic spot market remained mediocre throughout the morning session, there have been reports of better buying interest among customers for PP compared to PE.
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14 Mar 2024

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14 March 2024 - Shenhua's coal-based PP and PE Auction Results

The auction price for LLDPE stayed consistent from yesterday but finished weaker transactions, however, surprisingly homo-PP achieved 100% sales despite higher deal prices
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13 Mar 2024

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China Morning Snapshot – 13 March 2024

In spite of the sluggish futures market, local suppliers maintain a firm stance on homo-PP cargoes claiming the tightening supply outlook ahead of the maintenance shutdown season.
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13 Mar 2024

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13 March 2024 - Shenhua's coal-based PP and PE Auction Results

The producer lured buyers to the market by offering a CNY20-30/ton discount on deal prices for both homo-PP and LLDPE compared to the previous session.
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12 Mar 2024

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Indonesian producer surprised the market with increases on spot PP, PE offers

Indonesian players were taken aback by the increase, given that the price in the distribution market had begun to decline the previous week.
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12 Mar 2024

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China Morning Snapshot – 12 March 2024

Players informed that there have not been any fresh import offers in the last two days because many buyers are still holding out for any additional discounts
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12 Mar 2024

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12 March 2024 - Shenhua's coal-based PP and PE Auction Results

Players noted that while the auction price for LLDPE has been steady since Monday, buyers who held off purchases from yesterday tend to place new orders after witnessing a comeback on the futures market.
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08 Mar 2024

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Two price cuts in a week: Saudi PE caused heavy concerns among Chinese buyers

Against the strong upstream ethylene costs and the higher offers from peer suppliers, a major Saudi Arabia producer offers another $20/ton discount on import PE offers to China, marking the second reduction this week.
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