Indonesian PP, PE markets galloped lower; production disruption hindered delivery

29 Jul 2024 The fear of significant delays in both local deliveries and import arrivals has driven Indonesian customers back to the market this week, sparking increased trading activity. However, it is noteworthy that even in the distribution market, ready stock cargoes are scarce, with the majority of available offers being for forward-selling.

29 Jul 2024

China Morning Snapshot – 29 July 2024

While the overall trading sentiment remained subdued throughout the first half of the day, Chinese sellers reported having achieved small transactions for PP while responses toward PE were muted.

29 Jul 2024

29 July 2024 - Shenhua's coal-based PP and PE Auction Results

Market sources attributed the large discrepancies to the mixed sentiment on the Dalian Commodity Exchange and the tighter supply condition for PP that stemmed from a series of production disruptions in recent weeks.

28 Jul 2024

China Morning Snapshot – 26 July 2024

The market is still assessing the government's unexpected announcement on Thursday of CNY 150 billion in targeted subsidies to stimulate demand for household appliances, cars, bicycles, and other consumer goods.

28 Jul 2024

26 July 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua Auction Platform concluded the final trading day of the week with robust performance, fueled by optimism over the near-term outlook and a rebound in futures contracts on the Dalian Commodity Exchange.

24 Jul 2024 SPVC k67-68

Statistics: China's PVC exports defy expectations amid shipping challenges

While suppliers across the Asian petrochemical sector grappled with volatile spot freight rates and struggled to secure vessel slots, Chinese PVC suppliers emerged relatively unscathed.

24 Jul 2024

Saudi HDPE film breaks below $1000/ton in Vietnam for the first time in eight months

Vietnamese buyers are surprised that a major Saudi Arabian producer set the final HDPE film price for August shipment below the $1000/ton threshold for the first time since December 2023.

24 Jul 2024

China Morning Snapshot – 24 July 2024

Several local trading houses reported significant challenges in persuading PE customers to restock. The continuous price cuts eroded market confidence while fueling expectations that the recent downswing is nowhere near the bottom.

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