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News Insight & Analysis

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29 March 2024 - Shenhua's coal-based PP and PE Auction Results
29 Mar 2024 As today marks the final trading session of the month, not many cargoes were auctioned off on the Shenhua Auction Platform. At first glance, concluded deals for homo-PP seemed good but compared to Thursday, concluded deals dropped
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28 Mar 2024

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China Morning Snapshot – 28 March 2024

This is the first time since the market returned from the Lunar New Year holiday the local stocks fell below the 800,000 tons threshold.
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28 Mar 2024

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

Trading sentiment on the Shenhua auction platform dimmed further as March draws near to an end. Market participants especially focused on the still high auction volume at this time of month, which signal the possibility of rising sales pressure in the coming days.
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27 Mar 2024

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Overseas suppliers resume cutting import PE offers to China on sluggish demand, exchange issues

In fact, the upward momentum observed in the local market during mid-March has now dissipated, replaced by four consecutive days of softening spot PE offers from domestic sellers.
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27 Mar 2024

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China Morning Snapshot – 27 March 2024

Investors shrugged off the positive news regarding the rebounded industrial profit among Chinese firm to focus on possible further depreciation of the Yuan.
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27 Mar 2024

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27 March 2024 - Shenhua's coal-based PP and PE Auction Results

Compared to the previous session, trading sentiment on the Shenhua auction platform fell moderately in terms of both percentage of deals and prices.
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26 Mar 2024

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Statistics: Local petchem production outputs in China dropped 5.4% in February

According to the latest data from the National Bureau of Statistics, production outputs for key petrochemical products in China fell 5.4% month-on-month in February 2024.
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26 Mar 2024

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Indonesian PP, PE market extended the downswing ahead of the Ramadan holiday

At the start of the week, a prominent domestic producer in Indonesia slashed the PP and PE price list by as much as $30/ton compared to late last week amid increasing downward pressure from more attractive cargoes in the distribution market.
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