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News Insight & Analysis

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Local PP, PE market in Indonesia extended the weakening trend
15 May 2023 Over the past couple of weeks, Indonesian HDPE bag makers saw a spike in finished goods orders. However, the situation started to turn sour.
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15 May 2023

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China Morning Snapshot – 15 May 2023

In response to the relentless falling futures market, domestic suppliers introduce another CNY50-100/ton reduction on spot PP and PE cargoes to entice demand.
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15 May 2023

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15 May 2023 - Shenhua's coal-based PP and PE Auction Results

The coal-based producer offered CNY120/ton discount on LLDPE cargoes and CNY30/ton on homo-PP, yet Chinese bidders prefer to wait on the sideline fearing further reductions ahead.
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12 May 2023

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Price List: Zhongjing cuts export PP offers for the second time in a week

In China, trading activities on the Shenhua auction platform have been sluggish throughout the week while key contracts on Dalian Commodity Exchange fall under pressure of global economic slowdown.
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12 May 2023

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China Morning Snapshot – 12 May 2023

Obviously, the spot market is not the only trading platform taking hit from the plunging purchasing interest.
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12 May 2023

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12 May 2023 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded another auction session with disappointing results even though the producer agreed to reduce auction prices.
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11 May 2023

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Vietnamese homo-PP market near five-month lows as Chinese cargoes breached below $1000/ton mark

Following three consecutive weeks of sharp decline, the import homo-PP market in Vietnam is now at the lowest levels in nearly five months with Chinese cargoes spearheading the downtrend
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11 May 2023

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China Morning Snapshot – 11 May 2023

There has not been major improvement in trading sentiment in the domestic spot market, yet suppliers refused to offer larger discounts on both PP and PE cargoes.
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