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News Insight & Analysis

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China Morning Snapshot – 30 November 2020
30 Nov 2020 Chinese players are waiting for local producers to open December delivery offers, which are likely to follow the stable to firmer trend with the support from the low inventory pressure.
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30 Nov 2020

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Another Saudi producer lifted PP, PE offers to Southeast Asia

A distributor informed of having sold out available quantities for PE soon after the price announcement.
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27 Nov 2020

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

Despite the small allocation for auction, the transactions on the platform plunged drastically on the final trading day of the week.
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27 Nov 2020

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China Morning Snapshot – 27 November 2020

In the meantime, the low inventory levels among local producers might continue to prevent any major price correction in the coming days.
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26 Nov 2020

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Chinese players: Woven bags manufacturers reduce operating rates to cope with rising raw material costs

By reducing the operating rates, manufacturers also hope to reduce the availability of the end-products and convince customers to accept the full hike in raw material prices.
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26 Nov 2020

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

The quantity available remains much smaller than usual that encourage the supplier to raise deal prices.
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26 Nov 2020

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China Morning Snapshot – 26 November 2020

On another note, the Chinese government has encouraged the manufacturing sectors to allow workers to return to their respective hometowns for Lunar New Year earlier than usual and in batches.
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26 Nov 2020

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Another Saudi producer announces December PP and PE offers to SEA

Indonesian customers are responding not very positively to the new prices due to the weak demand in this market.
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