14 Sep 2024 SPVC k67-68 SPVC (A) k67-68
The Chinese PVC market has plunged to unprecedented lows, with prices now beneath the levels witnessed during the pandemic lockdowns of April 2020. The primary driver of this decline is the persistently weak domestic demand, exacerbated by an extended downturn in China's property sector.
14 Sep 2024 PTA PET Bottle
While the recent price cuts have provided temporary relief for Chinese PET bottle suppliers, the combination of weakening demand, oversupply in upstream markets, and buyer caution points to ongoing challenges for the sector.
14 Sep 2024 LD Film
Despite the typical holiday-induced slowdowns, China's LDPE film market continued its upward momentum for the sixth consecutive week, in stark contrast to the heavy downward pressure faced by the HDPE and LLDPE film sectors.
14 Sep 2024
14 Sep 2024
While LLDPE sales saw a boost, largely driven by a CNY 110/ton ($15/ton) reduction in auction prices, the company’s decision to raise the price of homo-PP by CNY 30/ton ($4/ton) backfired, resulting in a notable decline in transactions.
12 Sep 2024
At the time of this report, only minor discounts have been noted on PP and PE cargoes, with no significant changes in market offers. Deliveries, however, remain heavily restricted due to major highways being submerged
12 Sep 2024
While there has been robust buying interest in LDPE cargoes, the same cannot be said for the HDPE market. Ample supply and increasing pressure from global sustainability initiatives have prompted buyers to adopt a cautious stance.
