Domestic producer continued to lift local PP and PE offers in Indonesia

24 Jun 2024 The latest weekly offers reflect additional price hikes compared to the previous week, driven by favourable currency exchange rates and a resilient international market.

24 Jun 2024

China Morning Snapshot – 24 June 2024

As anticipated, the domestic spot market weakened by CNY 50/ton compared to the previous session, influenced by the declining futures market.

24 Jun 2024

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

Trading sentiment on the Shenhua Auction Platform remained dwindling at the start of the week and despite the substantial drop in auction volume for homo-PP, the coal-based producer failed to deplete all the available quantities.

21 Jun 2024

China Morning Snapshot – 21 June 2024

Market observers note that buyers are monitoring price movements closely and prefer to assess market trends before making further commitments.

21 Jun 2024

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

The Shenhua Auction Platform concluded the final auction session of the week on a soft note as the coal-based producer’s decision to lift auction prices slightly from the previous day was undermined by the weak Dalian Commodity Exchange.

20 Jun 2024

China Morning Snapshot – 20 June 2024

Expectedly, spot PP and PE offers on the local market gained CNY50/ton to reflect the stronger futures market and the absence of any major sales pressure.

20 Jun 2024

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

The Shenhua auction platform continued to achieve satisfactory sales results for key grades homo-PP and LLDPE, thanks to the strong futures contracts on the Dalian Commodity Exchange.

19 Jun 2024 BOPP PPH Raf

Unplanned shutdowns countered weak demand, suspended the downtrend in the Chinese PP market

Still, any attempt to implement meaningful price increases has proven challenging due to the persistently weak demand conditions.

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