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News Insight & Analysis

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China Morning Snapshot – 16 December 2020
16 Dec 2020 There are limited movements in the domestic spot market this morning with buyers sourcing only in small quantities while waiting for additional discounts.
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16 Dec 2020

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Carbide-based PVC registered a larger drop in China by mid of the week

Mainstream PVC contracts for January 2021 delivery have been constantly falling since the beginning of the week as investors attempt to wrap up the remaining quantity before transitioning to the May contract.
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15 Dec 2020

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Saudi Arabia producer lifted PE offers to China for January shipment

Buyers are expressing buy ideas for LLDPE film at around $1000/ton – similar levels with deals for Saudi cargoes observed late last week in China.
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15 Dec 2020

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Import homo-PP to Vietnam mixed but downward pressure piles up

Chinese suppliers are actively tapping into the export opportunity as the location gap with Southeast Asia is still large enough to cover the shipping costs.
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15 Dec 2020 SPVC k64-65 SPVC k67-68 SPVC (A) k67-68

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Falling futures market, softer demand pressure local PVC market in China

A number of manufacturers in Eastern China have been ordered to shut down for ten (10) days starting 14 December as the region faces severe electricity supply shortage amid the extremely cold weather condition
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15 Dec 2020

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Chinese homo-PP offers just what Indonesian buyers need: Prompt and Competitive

The situation eases substantially this week as Chinese suppliers actively offering discounts on prompt cargoes that attracted a good number of deals in Indonesia.
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15 Dec 2020

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

Purchasing activities on the auction platform once again dived drastically from the previous trading day although the concluded prices have been down visibly.
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15 Dec 2020

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China Morning Snapshot – 15 December 2020

Sources are rather bearish about the near-term outlook citing the absence of major manufacturers in both the Northern and Eastern regions.
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