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News Insight & Analysis

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China Morning Snapshot – 14 September 2022
14 Sep 2022 Trading sentiment is calm, though sellers refuse to offer any major price cuts on the back of rising upstream costs and low inventory pressure.
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13 Sep 2022

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[FREE] 13 September 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders resumed trading following the long weekend holiday with a strong purchasing appetite, particularly for homo-PP and HDPE cargoes.
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13 Sep 2022 PPH Inj PPH Raf

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Vietnamese homo-PP market extended a firming trend as supply tightened

Local traders are particularly enthusiastic about the sharp increases but refrain from making replenishments at the new prices. Instead, focusing on lifting domestic offers to recoup some of the losses on previously purchases parcels at much higher prices.
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13 Sep 2022

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Taiwanese major slashes October PVC offers as weak demand persists

A major Taiwanese producer opens October PVC shipment offers to Asia with up to three digits reductions compared to the previous month as the regional demand remains soft.
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13 Sep 2022

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China Morning Snapshot – 13 September 2022

The number of transactions is thin, though it is expected that the market would remain on the positive track leading to the Communist Party Congress on 16 October 2022.
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10 Sep 2022

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Surging upstream costs support a rebound in the Chinese PE market

This week, international PE suppliers started to actively lift import offers to China market to reflect the rising production costs. Some buying interest is observed in the HDPE and LDPE film sectors, while the LLDPE film market is mired in cautiousness.
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10 Sep 2022

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Statistics: China’s key petrochemical production outputs fell in August

Key petrochemical production outputs in China declined 3.4% in August compared to July as electricity shortages, and COVID-19 containment measures, coupled with weak demand forced most local plants to reduce operating rates.
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10 Sep 2022

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Local HDPE market registered sharp drops in Indonesia, while others held steady

In a surprising price decision, a major domestic producer in Indonesia slashed spot HDPE film offers steeply compared to the previous week despite an uptick in buying sentiment in the distribution market.
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