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China Morning Snapshot – 23 August 2022
23 Aug 2022 Key contracts on Dalian Commodity Exchange settled the morning session with little changes though it appears that market participants remain uninterested in taking risks even though the Chinese government is escalating the efforts to boost growth.
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22 Aug 2022

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[FREE] 22 August 2022 - Shenhua's coal-based PP and PE Auction Results

While Shenhua has managed to increase deal prices for both PP and LLDPE compared to the previous session, the number of deals has fallen sharply, signalling the resistance in the market.
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22 Aug 2022 HD Film LD Film LL C4 Film

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Qatari producer cuts import PE offers to China for the second week in a row

For the first time since late August 2020, import LDPE film based on CFR China term breaches below the $1100/ton threshold. Buyers are asking for further reductions in order to balance the cargoes purchased in the previous week at higher levels.
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22 Aug 2022

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Price List: China’s Zhongjing resumes cutting export PP offers

Even after the price adjustments coupled with the depreciation of the Chinese Yuan against the US dollar and the plunging shipping costs, Zhongjing’s latest offers are still deemed uncompetitive in Southeast Asia at the moment.
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22 Aug 2022

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Major Saudi Arabia producer cuts September PE offers to Asia

The location gap between China and Southeast Asia has been notably narrowed, which several other Middle Eastern suppliers have been working on, largely to minimize the probability of re-export activities
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22 Aug 2022

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Domestic PP, PE market enters stabilization in Indonesia after weeks on climbing

Market sources said that the stabilized price list is a result of building resistance from buyers and the renewed softening trend in the nearby China market.
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22 Aug 2022

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China Morning Snapshot – 22 August 2022

The Chinese government is escalating the efforts to rescue the economy by providing cash vouchers, cutting taxes for companies, and reducing interest rates. The futures and stock markets gain traction following the news.
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18 Aug 2022

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[FREE] 18 August 2022 - Shenhua's coal-based PP and PE Auction Results

As Shenhua agreed to another CNY50/ton discount on both homo-PP and LLDPE cargoes, buyers are more willing to make replenishment toward the end of the week.
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