China Morning Snapshot – 20 September 2024

20 Sep 2024 In spite of the sustained firmness of the futures market, Chinese suppliers refrained from lifting spot PP and PE offers, worrying higher offers would push buyers to the sidelines during this critical period.

20 Sep 2024

20 September 2024 - Shenhua's coal-based PP and PE Auction Results

Market participants attributed the weaker performance of homo-PP to the absence of lower-priced cargoes seen in the previous session, which left the higher-priced parcels struggling to attract bids.

19 Sep 2024 PET Bottle

Chinese PET bottle suppliers slashed export offers; more active negotiations observed in SEA

The upstream PTA market continues to struggle under the weight of excessive supply, with no signs of production cuts from major producers. This market weakness is casting a long shadow over the downstream PET bottle sector.

19 Sep 2024 LL C4 Film PPH Raf

China Morning Snapshot – 19 September 2024

Trading sentiment in China’s local market has visibly strengthened compared to the previous session, driven by expectations of a quicker global economic recovery after the recent rate cuts.

19 Sep 2024

19 September 2024 - Shenhua's coal-based PP and PE Auction Results

Buying interest for LLDPE remained robust, with no additional discounts offered on auction prices, reflecting solid demand. In contrast, Shenhua introduced a modest CNY 50/ton discount on homo-PP, successfully stimulating demand in that segment.

18 Sep 2024 PPH Inj PPH Raf

Chinese PP exports steadied amid weak overseas demand, narrow margins

Despite the subdued domestic demand and mounting pressure to meet sales targets ahead of the National Day holiday, Chinese suppliers remain resistant to large discounts, citing the already narrow margins.

18 Sep 2024

China Morning Snapshot – 18 September 2024

As anticipated, Chinese buyers returned from the holiday with a reserved approach, heightened by the uncertainty surrounding the Federal Reserve’s interest rate decision.

18 Sep 2024 Ethylene

Asian ethylene market extended the weakening trend amid weak downstream demand

Despite the recent decline in naphtha costs, sellers remain unwilling to lower ethylene prices, attributing their reluctance to the volatility in crude oil futures, which they argue could trigger unpredictable swings in naphtha prices.

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