China Morning Snapshot – 26 April 2022

26 Apr 2022 Chinese market participants are wary of the spreading infection cases in Beijing and prefer to focus on the delivery of the previously purchased cargoes to avoid another potential logistic constraint.

25 Apr 2022

[FREE] 25 April 2022 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment plunged on the first trading day of the week after a rise in COVID-19 infection cases in Beijing sparked jitters about a potential lockdown, hampering the market confidence.

25 Apr 2022

Price List: China’s Zhongjing cuts export PP offers amid falling local market

As reported earlier, spot homo-PP offers traded in Eastern China fell CNY100/ton to CNY 8600-8750/ton including VAT ($1164-1184/ton excluding VAT) while September delivery contracts loses three digits in value by the end of the trading session.

25 Apr 2022

Local PP market extended the weakening in Indonesia

While suppliers are hoping for last minutes replenishment, buyers might only return after Ramadan since the current downtrend is expected to persist.

25 Apr 2022

China Morning Snapshot – 25 April 2022

The depreciation of the Yuan might allow Chinese suppliers to compete in the export ground again, however, the weakened demand head of the Ramadan season poses a massive challenge.

22 Apr 2022

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

The number of transactions on the Shenhua auction platform remains relatively satisfactory considering the continuous falling futures market. Besides, softer deal prices also encourage buyers to proceed with purchases.