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News Insight & Analysis

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China Morning Snapshot – 23 February 2024
23 Feb 2024 Following the rebounded futures market, local suppliers attempted to lift spot offers by CNY50/ton but bumped into disappointing responses from buyers.
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23 Feb 2024

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23 February 2024 - Shenhua's coal-based PP and PE Auction Results

Players ascribed the positive sales outcome to the futures market's recovery trend during the auction period particularly for homo-PP and LLDPE auctioned prices maintaining on a stable note.
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22 Feb 2024

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Middle Eastern PE surges in China amid tightening supply, strong costs

Following a sluggish start this week, at least two major Middle Eastern producers decided to lift their spot PE offers to China sharply toward the weekend, reflecting the bullish development overseas and the strong upstream ethylene costs.
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22 Feb 2024

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China Morning Snapshot – 22 February 2024

In spite of a more stabilised futures market, spot PP and PE prices in the domestic spot market continued to gallop lower in the face of sluggish demand conditions.
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22 Feb 2024

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22 February 2024 - Shenhua's coal-based PP and PE Auction Results

Auction prices were largely stable from the previous trading day, therefore, the satisfactory number of transactions indicated buyers’ willingness to make replenishments, LLDPE in particular
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21 Feb 2024

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China Morning Snapshot – 21 February 2024

Some players stated that their inventory digestion remains sluggish while many other sellers are lamenting today's poor sales, indicating the slow actual market buying activity.
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21 Feb 2024

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21 February 2024 - Shenhua's coal-based PP and PE Auction Results

Following a disappointing auction result in the previous session, Shenhua stepped up the effort to encourage purchasing activities by offering CNY70-80/ton discounts on the auction prices, leading to improved dealt volume today.
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20 Feb 2024

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Taiwanese major lifted March PVC offers larger than expected

Asian market participants initially expected a $10-20/ton increase from the producer, citing the weak demand ahead of the fasting month as a justification.
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