05 Jul 2024 PET Bottle
The sustainability of this unexpected development remains uncertain, despite providing much-needed relief to local producers facing mounting cost pressures
05 Jul 2024
Reflecting the subdued trading environment, local inventory levels remained unchanged. Sinopec and CNPC reported that their combined PP and PE stocks were steady
Local traders, keen to deplete their existing inventories, offered more negotiation flexibility on spot cargoes, further diminishing interest in the auction of coal-based materials.
04 Jul 2024
Saudi Aramco has maintained its July liquefied petroleum gas (LPG) prices in Asia at the same levels as in June, despite a 6% monthly increase in crude oil prices.
In the PE sector, buyers have adopted a cautious approach, awaiting the arrival of previously purchased parcels expected to reach the market by the end of the month.
Shenhua Auction Platform concluded today’s session with a marginal decline in the auction volume for homo-PP grade, which was attributed to the weakened futures trading.
03 Jul 2024
While some industry insiders have noted easing booking fees from China’s main ports to several routes, South Korean sellers have not experienced the same relief.
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