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China Morning Snapshot – 30 May 2024
30 May 2024 The Chinese government has outlined the action plan for decarbonisation in 2024 and 2025, which include “strictly and rationally” controlling coal consumption
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30 May 2024

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

Trading sentiment on the Shenhua Auction Platform remained strong toward the month-end, driven by fear over the new carbon emission policies that target the coal-based petrochemical sector.
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29 May 2024

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China Morning Snapshot – 29 May 2024

The slight adjustment in spot PP offers did not stimulate buying interest among local converters as much as suppliers hoped for.
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29 May 2024

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

Most concluded deals were from buyers who wanted to replenish inventories as dealt prices today were slightly softer by CNY10 – 20/ton than on Tuesday
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28 May 2024

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Saudi major raises June PE offers to Vietnam amid supply constrain

Meanwhile, the demand for PE in Vietnam has started to dwindle as the market enters the traditionally off-peak season while converters struggling to transfer the costs to end-product buyers.
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28 May 2024 SPVC k67-68 SPVC (A) k67-68

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Chinese PVC market gallops higher; regional market expects sharp hikes on July shipment

Across the Asian market, players keep a close eye on the bullish development in China while gauging the possible pricing direction for July shipment offers.
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28 May 2024

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China Morning Snapshot – 28 May 2024

The local market experienced muted buying activity as most industry participants, having placed sufficient orders yesterday, chose to remain on the sidelines.
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28 May 2024

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

It was evident that local buyers eagerly rushed to place bids, seizing the opportunity presented by the stable auction prices amid a backdrop of producers maintaining a strong stance in the spot market.
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