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News Insight & Analysis

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Domestic PP, PE offers rose sharply in Malaysia on exchange rates, supply tightness.
31 Aug 2023 Naphtha-based producers across Asia have been struggling with squeezed margins for months due to strong upstream costs and weak demand, which force most plants to cut run rates to protect the bottom line.
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31 Aug 2023

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China Morning Snapshot – 31 August 2023

Chinese traders shrugged off the weak manufacturing data released by the government this morning to place more bullish bets on news that a number of local banks will be lowering interest rates on existing mortgages and deposits starting 1 September.
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31 Aug 2023

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31 August 2023 - Shenhua's coal-based PP and PE Auction Results

Coupled with the strong sales results in the previous session, the coal-based producer confidently lifted deal prices by CNY40/ton for homo-PP and by a whooping CNY200/ton for LLDPE.
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30 Aug 2023

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Weak demand, exchange rate issues forced Korean producer to lower homo-PP offers to Vietnam.

Vietnamese customers believed that purchasing import homo-PP at the $950/ton mark or slightly lower would minimize the exposure to price risks citing the strong upstream costs that would prevent any major downfall.
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30 Aug 2023

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China Morning Snapshot – 30 August 2023

In a span of three trading days, both producers managed to deplete the large weekend accumulation reported earlier this week.
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30 Aug 2023

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30 August 2023 - Shenhua's coal-based PP and PE Auction Results

The revival of the Dalian Commodity Exchange is the primary driver behind the abrupt pick-up in transactions for the coal-based parcels, which supports Shenhua in lifting deal prices for both homo-PP and LLDPE substantially.
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29 Aug 2023

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China Morning Snapshot – 29 August 2023

Sources attributed the large draw in local stocks to the monthly closing activities, in which distributors are required to offtake the committed monthly quantities.
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29 Aug 2023

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29 August 2023 - Shenhua's coal-based PP and PE Auction Results

The coal-based materials auction platform ended the second session of the week with disappointing results for LLDPE cargoes even though deal prices were set at CNY200 – 330/ton lower than the previous day for this grade.
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