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News Insight & Analysis

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China Morning Snapshot – 24 May 2022
24 May 2022 Buyers continue to proceed with caution, partly due to lacking confidence in the near-term outlook, which is reinforced by the traditional weak demand season in May and June.
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23 May 2022

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[FREE] 23 May 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders appeared more interested in the coal-based PP cargoes on the first trading day of the week while the number of transactions achieved for LLDPE was rather disappointing.
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23 May 2022

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Saudi producer cuts June PE offers to SEA, China

New offers from a key Saudi Arabia producer are not an exception. List price for HDPE film fell three digits from the previous month, widening the price gap with LLDPE film in Southeast Asia.
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23 May 2022

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Malaysian producer slashes June PP, PE offers to Indonesia

In spite of the three digits price cuts, Indonesian customers remain reluctant toward the homo-PP parcels, citing the presence of other non-dutiable cargoes at more competitive levels.
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23 May 2022

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Local PP, PE market in Indonesia remains on a downtrend; steep plunges seen in HDPE sector

While the reductions in the spot homo-PP cargoes are deemed timid to attract buying interest, players are stunned by the drastic downward adjustments on HDPE.
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23 May 2022

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China Morning Snapshot – 23 May 2022

While traders reported having achieved some deals at the lower end of the overall price range during the early trading hours, the market generally remains cautious about the demand prospect.
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23 May 2022

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At multi-month lows, is the Asian ethylene market near the bottom?

On average, import HDPE film to China has reached $1170/ton at the time of this report while LLDPE film is at $1165/ton, all based on CFR China. These PE prices merely covered half of the usual conversion costs of $150/ton for PE producers.
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20 May 2022

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[FREE] 20 May 2022 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment improved slightly on the final trading day of the week after Shenhua agreed to additional discounts on homo-PP cargoes.
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