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China Morning Snapshot – 15 May 2024
15 May 2024 According to a producer, they are still fulfilling delivery obligations for previously sold cargoes, hence, are in no rush to make adjustments on spot PP prices.
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15 May 2024

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15 May 2024 - Shenhua's coal-based PP and PE Auction Results

Today’s session on the Shenhua Auction Platform started to pick up steam for all three auctioned commodities with concluded deals in volume being slightly higher than Tuesday.
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14 May 2024 SPVC k67-68

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Taiwanese PVC producer surprises the market with larger-than-expected hikes on June shipment offers

Additionally, escalating shipping expenses have added upward pressure, necessitating adjustments in prices to maintain profitability amid rising operational costs.
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14 May 2024

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Malaysian producer resumes offering PE cargoes to Vietnam amid supply constraints

Even though the latest LDPE film list price from the maker stands at the upper end of the overall import offers to Vietnam this week, it is believed that the producer would face minimal obstacles in depleting the allocation.
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14 May 2024

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China Morning Snapshot – 14 May 2024

Local traders and distributors encountered challenges in concluding deals and foresaw the necessity for price cuts to boost inventory turnover. Only a few traders achieved successful deals through negotiation.
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14 May 2024

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

Replenishments were driven by essential needs, with auctioned cargoes remaining competitively priced at around CNY100/ton below local spot prices, prompting customers to restock.
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13 May 2024

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Saudi Arabia producer indicated higher LDPE film offers for June shipment to Vietnam

CommoPlast reported earlier on a series of LDPE plants entering maintenance season in the second quarter of the year, severely curtailing availability across the region.
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13 May 2024

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Indonesian producer reduces PP and PE offers in response to strengthening Rupiah

The price reduction comes as a relief to domestic PP and PE participants, who have been vocal about the challenges posed by stagnant end-product demand at the previous price levels.
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