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News Insight & Analysis

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Saudi Aramco announces June propane prices with lofty discounts
30 May 2023 Industry participants attributed the persistently weak demand condition from the downstream petrochemical market to the larger-than-expected reduction.
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30 May 2023

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Import homo-PP to China breached below $850/ton; buying interest remains timid

The aggressive pricing decisions, instead of stimulating purchasing activities, push many buyers, who initially planned to make larger purchases at $850/ton CFR China to the sidelines for fears that the downtrend might persist.
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30 May 2023

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China Morning Snapshot – 30 May 2023

Following a strong trading session in the previous day that helped to digest a considerable quantity of domestic inventories, Chinese market participants decide to adopt a wait-and-see stance.
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30 May 2023

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30 May 2023 - Shenhua's coal-based PP and PE Auction Results

Shenhua continues to achieve a satisfactory number of transactions on the second auction session of the week as most deals were done before key contracts on Dalian Commodity Exchange lost most of the earlier gains.
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29 May 2023

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Price List: Zhongjing resumes cutting export PP offers despite stronger DCE

Zhongjing Petrochemical resumes cutting export PP offers on the first trading day of the week disregarding the stabilizing note of the Dalian Commodity Exchange due to the persistently weak responses from the market.
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29 May 2023

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Domestic producer continues to cut PP, PE offers in Indonesia

Sources said that the reductions in PP prices are very much expected considering the fact that import offers from non-dutiable origins have already breached far below the $1000/ton threshold since the previous week.
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29 May 2023

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China Morning Snapshot – 29 May 2023

As expected, local suppliers immediately lift spot PP and PE prices to reflect the rising Dalian Commodity Exchange, however, face stiff market resistance.
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29 May 2023

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29 May 2023 - Shenhua's coal-based PP and PE Auction Results

Compared to cargoes traded in the spot market and the Dalian Commodity Exchange, coal-based parcels on the Shenhua auction platform are way more attractive, which once again explains the healthy number of deals concluded.
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