China Morning Snapshot – 23 November 2021

23 Nov 2021 Trading sentiment in the domestic spot market remains mediocre following the rebound in futures trading.

22 Nov 2021

[FREE] Price List: China’s Zhongjing slashes export PP offers on the weak local market

Key PP contracts for January delivery on Dalian Commodity Exchange resumed falling throughout the morning session, regenerating downward pressure on the domestic spot market.

22 Nov 2021

[FREE] 22 November 2021 - Shenhua's coal-based PP and PE Auction Results

Shenhua only allocated a small quantity of homo-PP to the auction session on the first trading day of the week claiming reduced availability toward the end of the month.

22 Nov 2021

Saudi Arabia major announced December PE offers to Southeast Asia

Even with the large reductions, Vietnamese buyers remain reluctant to proceed with new purchases on the concerns over the long shipping time and the still high prices.

22 Nov 2021

Malaysian producer slashes December PP, PE offers to Indonesia

While buyers might be more interested in the PE cargoes due to the lack of availability from other sources, it is expected that homo-PP parcels would face stiff resistance

22 Nov 2021

Domestic producer continues cutting spot PP, PE offers in Indonesia

Offers for both PP and PE in the distribution market are way more competitive, which could force the producer to introduce additional decreases moving forward.