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Price List: Zhongjing Petrochemical continues to revise export PP offers downward
12 Jun 2023 The depreciation of the Yuan against the US dollar allows the producer to make minor cuts on the offers while the overseas market is on a tug-of-war to regain stabilization following a prolonged period of the downswing.
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12 Jun 2023

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Local producer continued cutting PP offers in Indonesia; PE market shows signs of stabilizing

For the eighth consecutive week, a key local producer in Indonesia cut spot PP offers on the persistently weak demand and stiff competition from the distribution market as well as import cargoes.
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12 Jun 2023

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China Morning Snapshot – 12 June 2023

Purchasing activities are subdued throughout the early hours of the day even with homo-PP breaching below the CNY7000/ton threshold again.
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12 Jun 2023

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12 June 2023 - Shenhua's coal-based PP and PE Auction Results

Trading activities on the Shenhua auction platform remain relatively steady on the first day of the week as the producer agreed to CNY40-50/ton discount from the previous session.
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07 Jun 2023

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China Morning Snapshot – 07 June 2023

Even though the futures market fails to retain the firmness observed in the previous days, the reduced inventory pressure allows suppliers to keep spot PP and PE prices relatively firm.
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07 Jun 2023

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07 June 2023 - Shenhua's coal-based PP and PE Auction Results

As the rebound on Dalian Commodity Exchange losing its momentum, market players continue to shy away from making purchases on the Shenhua auction platform.
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06 Jun 2023

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China Morning Snapshot – 06 June 2023

Regardless of the minor rebound on the Dalian Commodity Exchange, local suppliers keep spot PP and PE offers on the stable to softer trend, which seems to encourage some need-based purchases.
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06 Jun 2023

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06 June 2023 - Shenhua's coal-based PP and PE Auction Results

Transactions for LLDPE picked up from the previous session, however, market participants are not impressed considering the substantially reduced auction volume.
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