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China Morning Snapshot – 14 May 2024
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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13 May 2024

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Chinese homo-PP market is in strange water; overseas materials rapidly lose attractiveness

Buyers expect more Chinese homo-PP cargoes to emerge in Southeast Asia in days ahead as sellers of this origin attempt to compensate for reduce sales to dee-sea destinations
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13 May 2024

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China Morning Snapshot – 13 May 2024

Local distributors have conveyed to CommoPlast that customers were generally hesitant to accept higher prices. Nevertheless, those open to negotiations have managed to secure deals.
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13 May 2024

insight

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

Buyers primarily procured based on necessity and exercised caution due to the softened crude benchmarks. The market is expected to stay stagnant as it heads into the traditional slow season starting in June.
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10 May 2024

insight

China Morning Snapshot – 10 May 2024

The minor reduction in spot PP and PE offers were very much expected. Still, customers shied from proceeding with larger buys immediately.
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