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News Insight & Analysis

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Rebounded after eight months of declines, how sustainable is the uptrend in the Asian PVC market?
02 Dec 2022 However, spot demand is coming back. After a wave of strong replenishment activities in China, the Asian market is now witnessing the return of Indian customers after months of adopting a cautious stance.
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02 Dec 2022

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Local producer slashed PE offers in India amid softer demand

Unlike the PVC market, demand for PP and PE in India has been soft while market participants are very much looking forwards to new supply from HPCL-Mittal Energy Limited (HMEL) plant this January.
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02 Dec 2022

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China Morning Snapshot – 02 December 2022

Interestingly, domestic suppliers decided to maintain spot PP and PE unchanged in spite of the rising futures market.
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02 Dec 2022

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Active purchasing activities observed in the Chinese PP market as COVID-19 controls eased

After depleting a good number of cargoes, overseas sellers started to limit selling quantities in anticipation of higher prices in the coming week.
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02 Dec 2022

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02 December 2022 - Shenhua's coal-based PP and PE Auction Results

Given the stronger buying interest, Shenhua kept deal prices for homo-PP unchanged day-on-day but decided to lower LLDPE price by CNY100/ton to facilitate sales.
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01 Dec 2022

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Chinese PET bottle offers extended the weakening trend on timid demand

The worsening COVID-19 outbreak in China prompted the government to implement strict control measures to break the infection chain, which also curtail demand for bottled beverages substantially.
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01 Dec 2022

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China Morning Snapshot – 01 December 2022

Chinese buyers remain generally cautious due to the volatile COVID-19 situations. Meanwhile, many converters are not having sufficient end-product orders, which might undermine the recent uptick in demand.
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01 Dec 2022

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01 December 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders remained active toward the weekend as the lifting of COVID controls in several districts in Guangzhou fueled expectations that the government would gradually do away from the Zero-Covid policy.
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