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News Insight & Analysis

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Taiwanese major slashed July PVC offers larger than expected
21 Jun 2022 Expectations for July price trend have been constantly changing over the past three weeks due to the uncertainties associated with China’s ‘Zero Covid’ policies.
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21 Jun 2022

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Statistics: China saw positive growth in import PP, PE arrival in May

While both HDPE and LDPE enjoyed healthy growth in terms of both import arrivals and domestic production outputs in May, LLDPE suffered a drop of 7% in imported quantities. Export LLDPE during the month grew exponentially at 58.4% from the previous month
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21 Jun 2022

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China Morning Snapshot – 21 June 2022

In spite of the fact that spot PP and PE offers continue to gallop lower, trading activities have improved compared to the previous several sessions.
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20 Jun 2022

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[FREE] 20 June 2022 - Shenhua's coal-based PP and PE Auction Results

Trading sentiment on the Shenhua auction platform fell sharply from last Friday as the steep plunge in energy costs stung market confidence.
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20 Jun 2022

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Saudi major slashes July PE offers to Vietnam as trading sentiment dwindles

A major Saudi Arabia producer has reportedly opened July shipment offers for PE to Vietnam with $60/ton reductions from the previous month amid the growing competition from re-export cargoes from China
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20 Jun 2022

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Price List: Zhongjing further reduces export PP offers

The domestic spot market in China is now facing tremendous challenges in restoring the pre-Shanghai lockdown trading condition as part of the city and Beijing are still battling the recent flare-up of infection cases.
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20 Jun 2022

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Malaysian producer cuts PP, PE offers to Indonesia for the third straight month

Trading activities in Indonesia are heavily impacted by the weak end-produce businesses, comfortable inventories, and the depreciation of the Rupiah which make it more expensive to buy US dollar-dominated cargoes.
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20 Jun 2022

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Import homo-PP to Indonesia inches lower as depreciating Rupiah hurts demand

The Indonesian import homo-PP market has been tracking a stable to softer trend over the past weeks even though the neighbouring Vietnam market has shown a clear rebound. This week, the downtrend persists as several international suppliers cut offers right on the first trading day of the week.
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