Chinese PP suppliers cut export offers on weakening local market

14 Mar 2022 The total PP and PE stocks at Sinopec and CNPC’s warehouses piled up 85,000 tons over the weekend to 1,010,000 tons as of 14 March 2022 – the highest level since 1 March.

14 Mar 2022

China Morning Snapshot – 14 March 2022

This is the first time the stocks rose above the 1 million tons threshold since 1 March 2022.

11 Mar 2022

[FREE] 11 March 2022 - Shenhua's coal-based PP and PE Auction Results

Transactions on the Shenhua auction platform remain sluggish on the final trading day of the week as the increasing number of COVID-19 infections in the mainland might trigger a widespread lockdown.

11 Mar 2022

China Morning Snapshot – 11 March 2022

Market players worried that government might implement strict lockdown measures to contain the situation, which could cripple demand.

10 Mar 2022

[FREE] 10 March 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders immediately suspended all purchases including on the Shenhua auction platform after the steep fall in crude oil prices.

10 Mar 2022

China Morning Snapshot – 10 March 2022

Domestic spot market retreated sharply, reflecting the latest development on the Dalian Commodity Exchange.

09 Mar 2022

[FREE] 9 March 2022 - Shenhua's coal-based PP and PE Auction Results

Chinese bidders rush to make replenishment by mid of the week following news of a series of local PP and PE plant cutting operating rates, which could affect availability in the near term.

09 Mar 2022

China Morning Snapshot – 09 March 2022

Trading sentiment, however, remains soft. Apparently, not many arbitrage traders are willing to off-take large quantities claiming the tightening cashflow following days of continuous purchasing.

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