Domestic producer continued cutting PP, PE offers in Indonesia

17 Oct 2022 Over the weekend, a major local producer in Indonesia introduced additional price cuts on PP and PE offers, shrugging off the depreciated Rupiah against the US dollar as demand deteriorated further.

17 Oct 2022

China Morning Snapshot – 17 October 2022

Trading sentiment is calm throughout the early hours on the first trading day of the week, even though suppliers agreed to minor discounts to reflect the persistently weakening Dalian Commodity Exchange.

17 Oct 2022

17 October 2022 - Shenhua's coal-based PP and PE Auction Results

Higher allocation coupled with the declining futures market have Chinese bidders assumed of steep discounts, and when that didn’t come, they hold back on purchases.

15 Oct 2022

China market in the post-Golden Week: Renewed COVID-19 restrictions dampen demand

A week since Chinese market participants returned from the holiday, the earlier bullish expectations were shattered as renewed COVID-19 restrictions compressed local demand just when export businesses are hampered by inflation and the energy crisis in the EU.

14 Oct 2022

China Morning Snapshot – 14 October 2022

While there are expectations of more economic stimulus coming out from the Congress, the unwavering stance toward the Zero-Covid policies remains a persistent concern.

14 Oct 2022

14 October 2022 - Shenhua's coal-based PP and PE Auction Results

Coal-based PP and PE cargoes on the auction platform are deal at CNY50-80/ton lower than the previous day.

13 Oct 2022

China Morning Snapshot – 13 October 2022

Traders rush to offer discounts even though the Yuan depreciates sharply against the US dollar, in anticipation of a persistently weak demand condition ahead.

13 Oct 2022

13 October 2022 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua auction platform remains stale toward the end of the week as bidders started to lose confidence in the near-term outlook after the government reiterated the Zero-Covid policies.

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