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News Insight & Analysis

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Taiwanese major surprisingly lifted February PVC offers to Asia
23 Jan 2024 Asian market participants initially expected a rollover or $10-20/ton reduction citing the soft purchasing activities and heightened pressure among Chinese suppliers to deplete their stocks ahead of the Lunar New Year holiday.
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23 Jan 2024

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Indonesian producer reversed price cut decision on spot PP cargoes

On 20 January 2024, an equipment malfunction led to a combustion at the fire stack belonging to the producer at the Celegon complex. The incident was contained, however, the impact on the plant has not been disclosed.
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23 Jan 2024

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China Morning Snapshot – 23 January 2024

Customers have secured at least some cargo and prefer to wrap up the paperwork instead of rushing for another round of purchases.
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23 Jan 2024

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23 January 2024 - Shenhua's coal-based PP and PE Auction Results

Limited volume in the LLDPE auction, coupled with low availability of import offers and ongoing buyer demand, resulted in deals being achieved even at prices CNY50/ton higher than the previous day.
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22 Jan 2024

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Price List: Zhongjing Petrochemical hold export PP offers stable, eyes price rebound

Zhongjing Petrochemical has surprisingly rolled over its export offers for PP cargoes from the previous week despite an uptick in purchasing activities in the local Chinese market.
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22 Jan 2024

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China Morning Snapshot – 22 January 2024

The dynamic overseas market now hinges on shipping issues, however, players are divided about the support the situation might have for the local Chinese market moving forward.
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22 Jan 2024

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22 January 2024 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua auction platform remained robust at the start of the week, and despite a CNY90/ton hike in the auction prices, buyers showed greater acceptance.
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19 Jan 2024

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Chinese PVC market unexpectedly inched higher despite rises in inventories

In fact, CommoPlast reached out to 25 PVC pipe converters across China this week in a survey to determine their Lunar New Year holiday schedules, in an attempt to gauge the pre-holiday demand.
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