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China Morning Snapshot – 14 February 2023
14 Feb 2023 Only a handful number of deals are observed at discounted price levels, underlining the dwindling post-holiday demand condition in this market.
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14 Feb 2023

insight

Another producer reduces import LLDPE film offers to China as demand dwindles

Following the price reductions pioneered by a key Qatari producer on the first trading day of the week, a Thailand maker follow suit to slash import LLDPE film offers to China
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14 Feb 2023

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

. Market sources said that real demand from manufacturers has not picked up strongly enough, hence, Shenhua keep deal prices for both PP and PE cargoes on the soft side to lure arbitrage traders back to the market.
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13 Feb 2023

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Qatari producer lowers PE offers to China despite tight supply, prompting concerns on the market outlook

While market participants across the Southeast Asia region are expecting higher import PE offers for March shipment due to the rising upstream costs and reduced availability, a key Qatari producer moves to cut offers to China market
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13 Feb 2023

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Malaysian producer lifted LDPE film offers to Vietnam by $100/ton

While showing stiff resistance toward the LDPE film grade, Vietnamese buyers are more willing to proceed with purchases for LDPE lamination after the $10/ton discount.
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13 Feb 2023

insight

Local PP, PE market in Indonesia loses steam as weak demand triumph

The influx of competitive Chinese materials further favour buyers’ position. Sources said that the minor price cuts from the producer generate little buying interest since traders have been slashing prices several times last week.
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13 Feb 2023

insight

China Morning Snapshot – 13 February 2023

Traders are not in rush to make any major adjustments hoping that transactions would improve if Dalian Commodity Exchange continued to increase in the coming days.
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13 Feb 2023

insight

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

Still, Chinese buyers prefer to maintain a conservative stance toward the near-term outlook, which highlights the lack of risk appetite as well as confidence in the market.
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