China Morning Snapshot – 03 February 2020

30 Jan 2020

Indonesian producer continues lifting local PP and PE offers

Indonesian players reported having received new PP and PE offers from a major local producer with additional increases.

20 Jan 2020

Vietnam remains fully dependent on the import market for PE as there is no local production at the moment.

20 Jan 2020

Players are unable to accept the latest price immediately citing the uncertain demand outlook in the post-Lunar New Year period.

20 Jan 2020

The current price list is perceived as too high compared to market acceptance and several major traders decided not to follow.

20 Jan 2020

There are very limited movement in the domestic spot market as both buyers are sellers are leaving for the Lunar New Year holiday.

17 Jan 2020

Shenhua Baotou Coal Chemical Co is currently the largest coal-based polyolefins producer in China, operates under four subsidiaries.

17 Jan 2020

The market sentiment continues to weaken, and players reported that many suppliers both local and international are not opening new offers.

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