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Chinese PET continues galloping lower in Indonesia amid volatile upstream market
16 May 2023 In the upstream market, spot PX fell to the lowest level since early January 2023 on the back of lethargic downstream activities and the deteriorating crude oil complex.
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16 May 2023

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China Morning Snapshot – 16 May 2023

Players believe that due to the sparse market atmosphere, the validity of the rebound is questionable which is probably why buyers are not rushing into secure deals.
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16 May 2023

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

Thanks to the rebound on the Dalian Commodity Exchange, Chinese bidders rush back to the Shenhua auction platform to secure coal-based homo-PP and LLDPE cargoes, resulting in a sharp uptick in the number of deals concluded.
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15 May 2023

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Price List: Zhongjing continues to cut export PP offers amid persistently weak local demand

In the local market, the continued falling Dalian Commodity Exchange pressures Chinese sellers to cut spot offers, sending the prices to the lowest level since May 2020.
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15 May 2023

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Local PP, PE market in Indonesia extended the weakening trend

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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