China Morning Snapshot – 27 January 2021

27 Jan 2021 Stocks at major local producers’ warehouses fell below the 500,000 tons threshold for the first time in a year.

26 Jan 2021

Malaysian producer slashes local PP and PE prices for February delivery

Demand in Malaysia has been declining in recent weeks as a result of the renewed COVID-19 lockdown and the approaching Lunar New Year.

26 Jan 2021

Local homo-PP market in Indonesia continue to fall on weak demand

Buyers argued that with the on-going COVID-19 related lockdown and the approaching Lunar New Year holiday, it is very difficult for the import market to register any strong rebound.

26 Jan 2021

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

Transactions on the Shenhua auction platform once again show improvement despite the fact that prices remain largely unchanged from the previous trading day.