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China Morning Snapshot – 31 January 2024
31 Jan 2024 Trading sentiment in the domestic spot market started to show a clearer sign of slowing down with most small-scale converters having already left their desks for the Lunar New Year holiday.
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31 Jan 2024

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31 January 2024 - Shenhua's coal-based PP and PE Auction Results

Market players noted some remaining need-based purchases, but with many buyers either prepared or on an extended holiday, trading sentiment has weakened visibly.
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30 Jan 2024

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Price List: Zhongjing Petrochemical increases its export price as the Lunar New Year close approaching

China’s Zhongjing Petrochemical decided to increase its export prices for its homo-PP yarn and biaxially oriented polypropylene (BOPP) film by $5/ton from the previous price announcement.
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30 Jan 2024

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Local producer lifted PE offers in Vietnam on exchange rates, upstream costs

Vietnamese market participants reported having received fresh PE offers for March delivery from a major local producer with a VND300,000/ton ($12/ton) increase from the previous week
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30 Jan 2024

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China Morning Snapshot – 30 January 2024

As anticipated, trading sentiment continues to weaken as more and more converters in the PP and PE sectors will be out of the office in celebration of the upcoming Lunar New Year holiday.
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29 Jan 2024

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Price List: Zhongjing Petrochemical stable PP export offer approaching Lunar New Year

More buyers have gone off on holidays and making preparations to usher into the Lunar New Year, resulting in a less active market.
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29 Jan 2024

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Indonesian producer keeps local PP, PE offers firm amid weakening Rupiah

In the span of two weeks, the Rupiah depreciated 1.9% to 15,756 to a dollar on 29 January 2024. A weaker local currency elevated commodity traded in that currency. However, buyers are not entirely fixated on the currency fluctuations.
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29 Jan 2024

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China Morning Snapshot – 29 January 2024

As reported earlier, more converters in the PP and PE sectors are scheduled to take off for the Lunar New Year holiday this week, therefore, trading sentiment might continue to weaken in the coming days.
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