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News Insight & Analysis

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Saudi producer pioneers price reductions on December PE cargoes to SEA
21 Nov 2022 Besides, market players are also concerned about the subsiding buying sentiment in China and the rising number of COVID-19 infection cases in this market might pressure the market moving forward.
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21 Nov 2022

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Major Taiwanese producer cuts December PVC offers, market might be near the bottom

While the downtrend is very much expected, market participants started to raise the possibility that the eight-months bear run might have found the bottom
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21 Nov 2022

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Indonesian major cut PE offers while lifting PP prices after strong sales last week

A key Indonesian producer has opened a fresh price list to local buyers with moderate increases on PP cargoes after last week’s steep reductions that help the maker, and other local sellers to deplete the on-hand stocks.
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21 Nov 2022

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China Morning Snapshot – 21 November 2022

Sellers rush to offer discounts on spot cargoes to entice buying interest, still, many traders reported dwindling transactions throughout the morning session.
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21 Nov 2022

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21 November 2022 - Shenhua's coal-based PP and PE Auction Results

Sales for homo-PP nosedived from the previous session even though Shenhua agreed to CNY180/ton discounts on deals.
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18 Nov 2022

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Indonesian homo-PP market hit multi-year lows despite firming import market

The good news is customers are coming back to make replenishment as the current prices are way more competitive than imported materials even from non-dutiable origins.
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18 Nov 2022

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China Morning Snapshot – 18 November 2022

The primary focus of the market on the final trading day of the week is the list of companies the US put under secondary sanction for dealing with Iranian cargoes.
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18 Nov 2022

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18 November 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders returned to the market to make replenishment on the Shenhua Auction platform as the producer agreed to CNY40-50/ton discount from the previous session.
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