Chinese PVC market extended the weakening trend; shipping issues weighed on the local market

14 Jun 2024 Regardless of the dwindling demand in local China, market participants expected key international suppliers to announce July shipment offers with three-digit increase from June

14 Jun 2024 PET Bottle

Chinese PET bottle market rebounded from last week’s slump; comfortable supply caps upside

The rising shipping uncertainties narrow the export windows, especially to deep-sea destinations such as North America and Europe. As such, the focus returned to the local ground.

14 Jun 2024

China Morning Snapshot – 14 June 2024

The domestic spot market is struggling to determine its direction. Key producers shrugged off the weakness in futures contracts to lift spot LLDPE film price by CNY50/ton.

14 Jun 2024

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

Chinese buyers have different opinions about the near-term market outlook, however, with auction prices for coal-based materials at CNY100/ton below the current domestic spot market

13 Jun 2024

China Morning Snapshot – 13 June 2024

Meanwhile, thin profit margins have been limiting woven bag manufacturers from lifting operating rates, hence, capping demand for raw materials.

13 Jun 2024

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

The Shenhua Auction Platform ended today’s session on a mixed note. While homo-PP achieved satisfactory number of transactions, deals for LLDPE fell sharply compared to the previous day.

12 Jun 2024

Malaysian LDPE surged more than $100/ton in Vietnam; HDPE softened

The three-digit price hikes were very much expected. In some parts of Southeast Asia, severe supply tightness has pushed LDPE film prices above the $1400/ton threshold

12 Jun 2024

Chinese LDPE film market nears two-year highs with no immediate easing at sight

Discussing the growing resistance among local buyers, Chinese traders do not seem too concerned. The large location gaps between China and Southeast Asia keep export/re-export window opened

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