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News Insight & Analysis

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China Morning Snapshot – 22 March 2021
22 Mar 2021 Buyers are waiting for additional discounts to emerge citing the falling support from upstream costs and demand.
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20 Mar 2021 PPH Inj PPH Raf

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Southeast Asian import homo-PP market enters correction after multi-year high levels

Southeast Asia players are watching closely on how long this downtrend would last, though there have been opinions that sellers might not reduce prices to the level observed before the Lunar New Year because supply is still yet to fully recover.
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19 Mar 2021

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UPDATE: Regional and international PP producers enter maintenance season

India is expected to see local supply substantially curtail for the period April to May in the absence of major local producers.
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19 Mar 2021

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Taiwanese ABS inched higher in Vietnam, shrugging off falling styrene monomer

Styrene monomer price peak out on 8 March 2021 and constantly weakening since then, shedding $189/ton along to way to $1117/ton FOB South Korea as of 18 March 2021.
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19 Mar 2021

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Chinese traders: Local PP and PE market improved after price reductions

Having said so, players are concerned over the local supply outlook in the coming month, especially for PE due to the lack of import arrivals.
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19 Mar 2021

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China: Auction sales result for Shenhua's coal-based PP and PE

The deal prices have softened compared to the previous trading day, however, buyers are still not very active in making replenishment.
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19 Mar 2021

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China Morning Snapshot – 19 March 2021

Customers continue to source the needed quantity from arbitrage traders, whose offers remain below the producer’s price list.
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18 Mar 2021

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South Korean producer slashes import PP offers to Vietnam

Vietnamese buyers remain calm to assess the market outlook before making the decision, however, mostly expected further price reductions.
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