26 April 2023 - Shenhua's coal-based PP and PE Auction Results

26 Apr 2023 Since the month is drawing to a close, coupled with the fact that there is limited import arrival and availability, producers are holding a firmer stance on their prices, however market hesitance remains with customers taking need basis deals only.

25 Apr 2023

Malaysian PVC market gallops lower; buyers insist on bids below $800/ton mark

Following the new PVC price announcement from a key Taiwanese producer with a $60/ton dropped from the previous month, other Asian sellers rush to introduce additional discounts to retain their competitiveness.

25 Apr 2023

Import homo-PP market in Vietnam shows signs of softening amid swelling buyer resistance

This week, a couple of overseas sellers pioneers price cuts on import homo-PP offers to Vietnam – a clear sign that the persistently weak demand condition triumphs over all other factors.

25 Apr 2023

China Morning Snapshot – 25 April 2023

It is not a surprise that key domestic producers maintain a firm stance on spot PP and PE cargoes considering the rapid draw in inventories and the stabilising Dalian Commodity Exchange.

25 Apr 2023

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

Trades on the Shenhua auction platform rose sharply on Tuesday, 25 April with LLDPE achieving 100% deals while homo-PP fell short of just 1.4% (or 40 tons) in completing its allocation.

24 Apr 2023

Taiwanese major slashes May PVC offers larger than expected

Initial responses from the market are rather mixed. While Indian customers have accepted the new prices, Chinese and Southeast Asian buyers continue to press prices lower to close deals at below the $800/ton threshold.