Chinese PP exports extended the weakening trend amid cautious buyer sentiment

30 Oct 2024 However, the downward adjustments remained minor. The steady need-based purchases at home coupled with reduced plant utilization rates helped to keep any excessive inventory pressure in check at the moment.

30 Oct 2024

China Morning Snapshot – 30 October 2024

Market sources suggest that at this rate, the two companies could lower stock levels below the 700,000-ton threshold before the weekend, potentially alleviating inventory pressures that have weighed on the local market since the Golden Week.

30 Oct 2024

30 October 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua auction platform concluded today's session on a weak note. Despite a CNY20/ton discount on homo-PP, market participants were hesitant to increase their purchases, resulting in lower sales volumes compared to the previous session.

29 Oct 2024

China Morning Snapshot – 29 October 2024

The most-traded PP and LLDPE contracts on the Dalian Commodity Exchange closed the morning session with notable declines, weighed down by steep drops in upstream crude oil prices.

29 Oct 2024

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

While Chinese bidders portrayed thin interest in PP, demand for LLDPE remained satisfactory driven by consistent demand for agricultural film in northern China.

25 Oct 2024 PET Bottle

Weak demand and sliding costs keep the Chinese PET bottle market under pressure

Despite spot offers losing nearly 90% of their post-Golden Week gains, buyers have remained cautious, holding off on large purchases amid widespread expectations of further price reductions.

25 Oct 2024

Chinese PVC market extended the downtrend amid persistent sluggish local demand

Subdued demand from the pipe sector continues to weigh on the market, even as other derivative sectors, such as PVC film, cable, and leather, report moderate improvements. Average plant utilization rates in these segments have slightly increased

25 Oct 2024

China Morning Snapshot – 25 October 2024

Chinese buyers returned to the market for fresh replenishment on the final trading day of the week, spurred by speculation that the recent price correction might be reaching its lowest point.

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