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News Insight & Analysis

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China Morning Snapshot – 22 February 2023
22 Feb 2023 As expected, buyers are unable to accommodate the latest rise in spot PP and PE prices. Suppliers immediately step back on homo-PP offers
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22 Feb 2023

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22 February 2023 - Shenhua's coal-based PP and PE Auction Results

The price decision led to poor sales results, which once again, highlight the highly price-sensitive market.
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21 Feb 2023

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Price List: Zhongjing lifted export PP offers following the rebound in local market

Chinese key PP producer – Zhongjing Petrochemical promptly responded to the surging Dalian Commodity Exchange on the second trading day of the week by lifting export offers by $5-10/ton, gaining back all the losses earlier this week.
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21 Feb 2023

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China Morning Snapshot – 21 February 2023

Trading sentiment in the domestic spot market is boosted by the surging Dalian Commodity Exchange. Spot prices rose CNY100/ton ($15/ton) day-on-day
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21 Feb 2023

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21 February 2023 - Shenhua's coal-based PP and PE Auction Results

Thanks to the strong rebound on the Dalian Commodity Exchange, Chinese bidders actively secure coal-based cargoes on the Shenhua auction platform.
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20 Feb 2023

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Price List: China’s Zhongjing continues to step back on export PP offers

On the other hand, Zhongjing Petrochemical and other PP producers are falling under rising cost pressure as both propane and propylene hit multi-month highs on supply tightness.
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20 Feb 2023

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Local PP, PE offers in Indonesia remains largely unchanged in Indonesia

As discussed earlier, the twelve months uptrend has reached a plateau and likely to see minor corrections as sellers attempt to attract sales ahead of the fasting month and the Ramadan season.
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20 Feb 2023

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Key Saudi producer announced March PE offers to SEA market with $100/ton hike

The surge in PE prices is supported by the reduced availability across South Korea and the Middle Eastern region and the rising upstream ethylene costs. Still, the demand in Southeast Asia might not be strong enough
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