Indonesian producer kept local PP; PE offers firm amid reduced LLDPE allocation

02 Dec 2024 An influential Indonesian petrochemical producer has announced new weekly spot PP and PE offers to the domestic market, maintaining prices at stable to slightly higher levels despite the appreciation of the Rupiah against the US dollar.

02 Dec 2024 PET Bottle

Chinese PET bottle market extended the weakening trend amid the seasonal lull and weak upstream costs

Despite the weak sentiment, Chinese sellers have resisted offering deeper discounts, fearing that breaching the CNY6,000/ton threshold could further undermine market confidence.

02 Dec 2024

China Morning Snapshot – 02 December 2024

With stronger sentiment on the Dalian Commodity Exchange and growing optimism surrounding economic support measures from the government, Chinese suppliers lifted spot PP and PE offers by CNY 50/ton.

02 Dec 2024

02 December 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform closed on a strong note on the first trading day of the month, supported by a rebound on the Dalian Commodity Exchange. Chinese buyers showed robust interest in homo-PP following the appearance of a low-price cargo that was not available in the previous session.

29 Nov 2024

China Morning Snapshot – 29 November 2024

Despite the marginal uptick in futures prices, domestic spot market activity remained subdued. With restocking largely complete, many buyers are now prioritizing logistical and administrative tasks while awaiting clearer market signals next month.

29 Nov 2024

29 November 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua closed the final trading day of the month on a strong note, bolstered by the limited quantities allocated to its auction session. Offering just 100 tons of homo-PP and LLDPE, the coal-based producer secured deals effortlessly.

28 Nov 2024

China Morning Snapshot – 28 November 2024

Despite the absence of inventory pressure, local suppliers were compelled to offer CNY 50/ton discounts on both PP and PE cargoes in response to the weakness in futures markets.

28 Nov 2024

28 November 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua auction platform reflected mixed outcomes following a softening trend on the Dalian Commodity Exchange (DCE). Despite this, Chinese buyers showed robust interest in LLDPE, primarily fueled by a CNY140/ton ($19/ton) discount,

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