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News Insight & Analysis

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China Morning Snapshot – 28 September 2022
28 Sep 2022 For the first time since late January 2022, the domestic inventories fell below the 600,000 tons threshold.
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27 Sep 2022

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[FREE] 27 September 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese buyers show better interest in LLDPE cargoes due to the lower availability for this grade. The heavy influx of previously purchased homo-PP is pressurizing the local market.
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27 Sep 2022

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Import homo-PP market softened in Vietnam, and buyers responded well to some cargoes

Several major overseas suppliers have stepped back on import homo-PP offers to Vietnam this week, effectively ended the seven rallying weeks as demand weakens, supply improved while the depreciation of the local currency
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27 Sep 2022

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China Morning Snapshot – 27 September 2022

The firm stance observed in the domestic spot market the previous day failed to sustain. Under the pressure of the persistently weak futures market, Chinese sellers have no choice but the step back on both PP and PE price lists.
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26 Sep 2022

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[FREE] 26 September 2022 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform concluded the session with a mediocre result. Buying interest for homo-PP seems particularly sluggish even after a discount of CNY50/ton from the previous day.
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26 Sep 2022

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Singaporean mPE extended the falling trend in China, and Indonesia on weak demand

The producer has been reducing mPE offers to Indonesia for several weeks in a row, a development market participants attributed to the increase in competition from a local producer, Thailand, South Korea, and the USA.
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26 Sep 2022

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Price List: China’s Zhongjing further steps back on export PP offers

Following two rounds of price cuts in the previous week, Zhongjing Petrochemical appears still in the selling campaign as the producer slashes export PP offers by another $10-15/ton on the first trading day of this week.
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26 Sep 2022

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China Morning Snapshot – 26 September 2022

Demand for spot cargoes remains sluggish on the first trading day of the week, however, sellers do not seem in rush to slash prices citing the manageable domestic stocks.
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