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News Insight & Analysis

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Minor correction observed in the Indonesian import PP market as demand fades
07 Feb 2023 Even before the Lunar New Year holiday, Indonesian customers were actively making replenishment, partly because of the favourable exchange rates, and also the strong expectations of a continued firming trend.
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07 Feb 2023

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China Morning Snapshot – 07 February 2023

The domestic spot market remains weak on the second day of the week and the unchanged inventory levels during a trading day clearly reflected the demand situation.
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07 Feb 2023

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07 February 2023 - Shenhua's coal-based PP and PE Auction Results

Given the continuous falling Dalian Commodity Exchange, arbitrage traders are not in the mood to make additional replenishment, leaving just manufacturers buying hand-to-mouth basis.
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06 Feb 2023

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Price List: Zhongjing continues cutting export homo-PP offers as local demand remains weak

Trading activities in the domestic China market remain dwindling even though the government has lifted most of the COVID-19-related restrictions.
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06 Feb 2023

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Local producer continues lifting PP, PE offers in Indonesia

Over the weekend, a key domestic producer in Indonesia lifted spot PP and PE offers even though international sellers started to loosen their stance in this market given the stiff resistance from buyers.
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06 Feb 2023

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China Morning Snapshot – 06 February 2023

It has passed the Chap Goh Mei festival, which marks the return of manufacturers, however, trading sentiment remains soft throughout the morning session.
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06 Feb 2023

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6 February 2023 - Shenhua's coal-based PP and PE Auction Results

Trading activities on the Shenhua auction platform dimmed sharply from the previous session even though the producer lowered deal prices by CNY50-70/ton.
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02 Feb 2023

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Price List: Zhongjing steps back on export PP offers for the second time this week

Responses from Southeast Asian buyers remained disappointing, however, Chinese sellers started seeing an uptick in inquiries from South American buyers.
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