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News Insight & Analysis

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China Morning Snapshot – 24 March 2022
24 Mar 2022 This is the first time since 3 March the domestic stocks fell below the 900,000 tons threshold and it is not because of an uptick in demand but from the mass operating rates adjustments since the beginning of the month.
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23 Mar 2022

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[FREE] 23 March 2022 - Shenhua's coal-based PP and PE Auction Results

Transactions on the Shenhua auction platform fell sharply as the market reacted to the news of more cities entering lockdown.
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23 Mar 2022

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Weak demand weighs on PET market in Indonesia

In the upstream market, both MEG and PTA rebounded slightly this week from the previous dip, following the upstream energy market.
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23 Mar 2022

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Malaysian producer lifted April PP, PE offers to Indonesia

Meanwhile, the availability of competitive Chinese PP cargoes draws buyers from higher-cost parcels.
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23 Mar 2022

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China Morning Snapshot – 23 March 2022

Meanwhile, converters are showing no rush to secure large quantities, expecting the inventory pressure would force sellers to step back on the prices in the coming days.
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22 Mar 2022

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

The Shenhua auction session concluded with a strong number of transactions signalling the revived risk appetite among Chinese bidders as the government waivers on ‘0 tolerance’ COVID-19 policies.
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22 Mar 2022

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Saudi major slashes import PE offers to China amid weak trading sentiment

The producer has emphasized that the new price cuts are to reflect the demand condition in China market alone.
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22 Mar 2022

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Key Taiwanese producer announces April PVC offers with three digits hikes

Indian customers initial expected the maker to lift offers to $1600/ton CIF India citing the availability of Chinese cargoes at the low $1500/ton levels.
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