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News Insight & Analysis

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04 September 2024 - Shenhua's coal-based PP and PE Auction Results
04 Sep 2024 The Shenhua Auction Platform concluded today’s session with disappointing results, largely due to the producer's bold decision to maintain firm auction prices despite declining crude oil prices and a weak futures market.
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03 Sep 2024

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Indonesian major trading house stepped back on PP, PE offers amid rising resistance

Despite these downward adjustments, current price levels still indicate marginal gains. CommoPlast data reveals that HDPE and LLDPE film prices remain approximately IDR 500,000/ton above the cyclical lows recorded in mid-August.
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03 Sep 2024

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China Morning Snapshot – 03 September 2024

Despite the weakening futures market, Chinese buyers continued with spot purchases, encouraged by improving end-product demand. Recent discounts on homo-PP cargoes further stimulated buying interest.
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03 Sep 2024

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China Morning Snapshot – 02 September 2024

Despite a confluence of bearish factors — including declining crude oil prices, weak futures trading, and the significant inventory accumulation — Chinese suppliers maintained a firm stance on spot PP and PE offers.
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03 Sep 2024

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03 September 2024 - Shenhua's coal-based PP and PE Auction Results

During today’s session, trading sentiment on the Shenhua Auction Platform showed notable improvement, despite continued declines in futures contracts on the Dalian Commodity Exchange.
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02 Sep 2024

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Rebounded export activities eased pressure on the local PVC market in China

Since early August, Chinese suppliers have capitalized on normalizing shipping costs and the anticipated delay in the implementation of the Quality Control Order (QCO) to secure a significant number of deals with Indian buyers.
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02 Sep 2024

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02 September 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform commenced the first trading session of September with lackluster results, reflecting the broader sentiment in the domestic spot market. Chinese bidders largely retreated to the sidelines, seeking to gauge the effects of declining crude oil prices and rising local inventories.
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30 Aug 2024

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Saudi Aramco lifted propane prices to Asia for the second consecutive month

Propane demand typically surges during winter as it is widely used for heating, and industry sources suggest that prices could remain elevated through the end of the year if supply constraints persist.
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