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News Insight & Analysis

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Chinese homo-PP offers just what Indonesian buyers need: Prompt and Competitive
15 Dec 2020 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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14 Dec 2020

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Saudi major announced January PE offers to Southeast Asia

Meanwhile, Vietnamese buyers are puzzled by the large location gap with Indonesia and the far LSD of 15 March 2020.
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14 Dec 2020

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Indonesian producer slashes local PE prices, maintaining PP unchanged

The reduction reflected the lack of purchasing interest, not only in Indonesia but also in other markets, especially in China.
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14 Dec 2020

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Eastern China manufacturers suspend production due to electricity shortage

The electricity shortage is further exacerbated by the coal shortage as demand for heat generator drastically increase during the winter time.
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14 Dec 2020

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

Trading activities improved significantly on the first trading day of the week, though availability for most of the PE cargoes remain relatively limited at the moment.
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14 Dec 2020

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China Morning Snapshot – 14 December 2020

On the other hand, buyers prefer to wait on the sideline following news that a number of manufacturers in Northern China has been ordered to shut down due to the acute electricity shortage.
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