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News Insight & Analysis

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Southeast Asian homo-PP market gallops higher; weak demand persists.
23 Sep 2023 In the upstream market, crude oil futures lingered above the $90/barrel threshold as Saudi Arabia and Russia curbed outputs, which pushed naphtha and propane – two key feedstocks in propylene production, higher.
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22 Sep 2023

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Chinese PET bottle offers track stable to firmer trend on heightened cost pressure.

Chinese PET bottle suppliers fall under pressure to maintain selling prices on a firm note as the rally in crude oil futures elevated upstream PTA and MEG costs.
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22 Sep 2023

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China Morning Snapshot – 22 September 2023

With the uncertain demand outlook in October, Chinese sellers are not willing to take the risk of holding on to the stocks.
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22 Sep 2023

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

Chinese bidders find the adjustments appealing, resulting in strong number of transactions on the final trading day of the week.
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21 Sep 2023

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Vietnam’s LSP started offering commercial PP, PE cargoes in Indonesia.

On the other hand, market players are monitoring the operating rates at LSP’s plants bearing concerns that high naphtha cost and squeezed margins might encourage the maker to maintain low utilization rates
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21 Sep 2023

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Indonesian producer surprisingly lifted local PE offers for the second time this week.

Delayed in delivery of previously purchased parcels coupled with the strong upstream cost outlook are cited as the primary support behind the latest hikes.
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21 Sep 2023

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China Morning Snapshot – 21 September 2023

Key local producers, namely Sinopec and CNPC managed to deplete the combined PP and PE inventories below the 600,000 tons threshold for the first time in a couple of weeks
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21 Sep 2023

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

To compensate for the downward pressure, Shenhua stoke up demand by offering CNY60/ton discount on deal prices for homo-PP and CNY70 – 140/ton on LLDPE
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