Vietnamese homo-PP market tracks a diverged trend; demand remains sluggish.

25 Oct 2023 In China, real demand from manufacturers remains dwindling, however, bullish expectations on the government’s continued effort to support the economy once again uplift key futures contracts on the Dalian Commodity Exchange this week.

25 Oct 2023

China Morning Snapshot – 25 October 2023

The Dalian Commodity Exchange ended the morning session with additional gains as investors put aside the weakening energy complex to focus on the possibility of an early issuance of local government bond

25 Oct 2023

25 October 2023 - Shenhua's coal-based PP and PE Auction Results

Market has been searching for support to halt the current downtrend and all eyes are on the government’s debate on the early issuance of government bond

24 Oct 2023 LL C4 Film

Saudi Arabia producer cut November PE offers to Asia as demand weakened.

A key Saudi Arabia producer announced November PE shipment offers to Asia with reductions from the previous month – a development market participants well expected considering the renewed falling demand across the region.

24 Oct 2023 SPVC k58 SPVC k64-65 SPVC k67-68 SPVC k70 SPVC (A) k67-68

Local producer lifted PVC price in India; Asian market hopes for a rebound.

In the previous week, a key Taiwanese producer decided to slash November shipment offers to India by $100/ton to close deals at $770/ton CIF India. Responses were strong.

24 Oct 2023

China Morning Snapshot – 24 October 2023

Traders are willing to negotiate with serious buyers while accelerating export activities, especially for PP to ease inventory pressure.

24 Oct 2023

24 October 2023 - Shenhua's coal-based PP and PE Auction Results

Given the higher auction volume, Shenhua offered another round of discount of CNY20/ton on homo-PP and CNY80/ton on LLDPE compared to the previous session to smoothen the sales process.

23 Oct 2023

Local producer rollover PP, PE offers in Indonesia, buying interest remained weak.

Trading sentiment is rather heavy at the start of the week. Buyers continued waiting on the sidelines citing the ongoing weakening trend in the international market.

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