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News Insight & Analysis

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China Morning Snapshot – 02 April 2025
02 Apr 2025 Despite the rebound in LLDPE futures, spot prices saw little opportunity for an upward adjustment. Weighed down by weak confidence in Q2’s outlook, producers held offers steady
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01 Apr 2025

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Shenhua Auction: Discounts failed to ignite buying interest as eyes are on US’s reciprocal tariffs

Despite early gains in major PP and LLDPE contracts on the Dalian Commodity Exchange, expectations for strong sales at the Shenhua Auction Platform fell short. Market participants were left disappointed as transaction volumes remained subdued,
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01 Apr 2025

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Shandong Yulong Auction: Market fundamentals hold steady, production shift may ease LLDPE pressure

As April trading commenced on the Shandong Yulong auction platform, market fundamentals remained largely unchanged. Demand for PP remained robust, while LLDPE continued to face weaker buying interest.
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01 Apr 2025 Butane Propane

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Saudi Aramco rolled over LPG prices to Asia for April loading amid steady supply

Reports indicate that OPEC+ has ramped up exports of refined products—including LPG, naphtha, and fuel—reaching record levels and offsetting the impact of the group’s crude output cuts.
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01 Apr 2025

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Indonesian major unexpectedly cuts local PP, PE offers amid Eid holiday lull

Market sources suggest that the adjustment was an attempt to align the producer’s official list prices with the distribution market, which has been weakening in recent weeks.
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01 Apr 2025

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Indian major trimmed local PVC offers as market debates BIS implementation

A search of the Bureau of Indian Standards' official website indicates that as of 31 March 2025, only 21 global PVC plants had secured the IS 17658:2021 certification
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01 Apr 2025

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China Morning Snapshot – 01 April 2025

With China set to observe the Tomb Sweeping Festival from 4–6 April, the shortened trading week adds another layer of caution to market activity. Even with a series of scheduled maintenance turnarounds and unexpected plant shutdowns in April
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30 Mar 2025

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Shenhua Auction: March concluded on a stronger note for Shenhua despite futures market weakness

In a bid to stimulate buying interest, the coal-based producer applied discounts of CNY 40/ton on LLDPE transactions and CNY 70/ton on homo-PP, with cargoes priced at the higher end of the range seeing the greatest price adjustments.
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