Asian propylene market trended higher on supply tightness; weak demand capped the upside

27 Jun 2024 The Asian propylene market has experienced a prolonged period of rangebound trading, with no significant forces causing sharp upward or downward movements.

27 Jun 2024

27 June 2024 - Shenhua's coal-based PP and PE Auction Results

As the end of the month approaches, many customers are assessing potential market directions for July. Despite this uncertainty, discounted cargoes continue to attract need-based purchases

26 Jun 2024

China Morning Snapshot – 26 June 2024

Recent trading activity indicates transactions predominantly among traders, with converters showing reluctance to build stocks.

26 Jun 2024

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

Despite a slight cooling of trading sentiment on the Shenhua Auction Platform compared to the previous session, transaction volumes remained robust.

25 Jun 2024

China Morning Snapshot – 25 June 2024

Despite this significant reduction in inventories and the stable performance of futures contracts, key local producers have opted to keep spot PP and PE offers unchanged from the previous day.

25 Jun 2024

25 June 2024 - Shenhua's coal-based PP and PE Auction Results

The auction session concluded with a near-perfect score despite an increase in volume, underscoring the presence of demand when prices align with market expectations.

24 Jun 2024

Price List: Zhongjing Petrochemical maintains export PP offers amid limited sales pressure

Overseas buyers have expressed dissatisfaction with the unchanged prices. Market sources had anticipated price reductions due to the depreciation of the Yuan against the US dollar, which typically provides exporters with more flexibility in pricing.

24 Jun 2024

Major Saudi maker opened July PE shipment offers to Vietnam at stable to softer levels

Vietnamese buyers were informed that allocations for July have been halved due to ongoing feedstock shortages affecting operations. Bookings are being accepted on a first-come, first-served basis.

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