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News Insight & Analysis

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03 January 2024 - Shenhua's coal-based PP and PE Auction Results
03 Jan 2024 The overall auction sales results are deemed encouraging, but market players emphasize that buying activities are currently typical as many customers are still assessing the upcoming market trend outlook.
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02 Jan 2024

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Statistics: Local petchem production outputs in China dropped 3.4% in November

Nevertheless, at 7.06 million tons, the combined quantities local plants produced in November were still the third-highest levels in 2023.
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02 Jan 2024

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Statistics: China’s PVC exports rebounded in November

On the local front, Chinese PVC plants produced 1.92 million tons of output in November after hitting the highest level since January 2021 in October.
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02 Jan 2024

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Indonesian producer kickstarted the new year with steep hikes on PP cargoes

The Indonesian PP and PE market concluded 2023 on a strong note with a key domestic producer introducing two consecutive hikes just before taking off for the long New Year holiday.
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28 Dec 2023

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China Morning Snapshot – 28 December 2023

Over the past week, China's domestic PP and PE market has been firming up, but at a relatively sluggish pace despite the heightening overseas supply concerns due to rising shipping costs and longer lead time.
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28 Dec 2023

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28 December 2023 - Shenhua's coal-based PP and PE Auction Results

Market sources believed that the firming trend might persist in the coming month, driven by the rising international market and shipping costs, however, the upswing might be at a gradual pace.
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27 Dec 2023

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China Morning Snapshot – 27 December 2023

In the local market, buying activity is subdued, with resistance evident towards firmer prices. Sellers of PP note a weakened buying appetite among customers, citing slow end product orders
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27 Dec 2023

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China Morning Snapshot – 26 December 2023

Trading activities in the domestic spot market performed modestly throughout the first half of the day with buyers placing small need-based orders for both PP and PE.
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