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News Insight & Analysis

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Shenhua Auction: Coal-based producer wrapped up April on a mixed note
30 Apr 2025 While demand for homo-PP yarn remained robust—reflected in a near-complete clearance rate—interest in LLDPE film was conspicuously absent. This comes despite a modest discount of CNY 10/ton applied to the offered price
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30 Apr 2025

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Shandong Yulong Auction: Holiday mood sapped momentum on the auction platform

The outlook for May suggests potentially increased availability from Shandong Yulong. The producer is poised to commission two additional PP lines, each with a nameplate capacity
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30 Apr 2025 LPG Butane Propane

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Saudi Aramco trimmed May LPG prices to Asia amid shifting global market dynamics

Asian LPG demand has begun to recover following the seasonal maintenance period, which saw multiple propane dehydrogenation (PDH) units in China and Vietnam temporarily shut down during the first quarter.
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30 Apr 2025

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China Morning Snapshot – 30 April 2025

With buyers largely disengaged amid the holiday mood, any attempts at price adjustments are unlikely to spur buying interest.
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29 Apr 2025

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Sharp fall in auction volumes continued to result in diverged results

This performance came without the need for further discounts, highlighting the firm support for PP amid reduced supply. The auction volume was notably cut to just 200 tons due to the month-end closing.
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29 Apr 2025

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Shandong Yulong Auction: Sell-through rates remained satisfactory for PP despite cloudy near-term outlook

Trading activity on the Shandong Yulong auction platform remained in line with trends observed earlier in the month, with PP continuing to outperform LLDPE in terms of buyer interest.
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29 Apr 2025

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China: Local PP and PE markets remained downbeat; low inventory fails to lift post-Labour Day outlook

Despite proactive inventory management by key state-owned producers Sinopec and CNPC, market participants continued to express pessimism over the near-term outlook.
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29 Apr 2025

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China Morning Snapshot – 29 April 2025

This uptick in inventory levels, combined with soft futures performance, prompted local suppliers to offer marginal discounts of CNY 50/ton on both PP and PE cargoes
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