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News Insight & Analysis

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Statistics: Local petchem outputs in China continued recovering in May
10 Jul 2023 It is interesting that local plants have been churning out more than 1 million tons of HDPE monthly for three consecutive months
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10 Jul 2023

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Price List: Zhongjing rollovers export PP offers on upbeat local sentiment

Investors seems more confident in the near-term outlook following the latest official meeting between the US and China that aims to improve the trade relations between the two countries.
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10 Jul 2023

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China Morning Snapshot – 10 July 2023

Regardless of the dwindling futures market, domestic suppliers maintain a firm stance on spot PP and PE cargoes, fetching support primarily from the reduced inventory pressure.
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10 Jul 2023

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10 July 2023 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform kickstarted the week with a satisfactory number of transactions even though the producer lifted auction prices by CNY70/ton for homo-PP and CNY130/ton for LLDPE from the previous session.
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07 Jul 2023

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China Morning Snapshot – 07 July 2023

The abrupt surge in the futures market encourages domestic suppliers to introduce additional hikes on spot PP and PE offers regardless of the growing resistance from the market.
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05 Jul 2023

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Local producer revises PP, PE upward in Indonesia on reduced inventory pressure

As the rollover introduced earlier this week was deemed overly conservative considering the bullish market development, a major Indonesian producer decided to revise spot PP and PE offers upward
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05 Jul 2023 SPVC k67-68

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Indonesian PVC producer announces July offers with surprising reductions

The price decision reflects the latest development in the import market, and although pleasant, Indonesian buyers show little interest in securing large quantities
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05 Jul 2023

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China Morning Snapshot – 05 July 2023

On the other hand, market participants in the Southern China region reported an uptick in inquiries for LLDPE film cargoes – an inevitable result of a prolonged period of lacking restocking.
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