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![[daily] Daily Market Wrap – China – 22 April 2024](https://plixstar.com/wp-content/uploads/2022/10/logo-small-commoplast.jpg)
Market participants indicated a stable number of end-product orders for commercial PE packaging, which would add support to the current firming trend in the raw material market in the near… [...]
In South China, visits to PP and PE converters revealed a mixed picture. Large-scale exporters saw upticks in orders, while those serving the local market, particularly in single-use plastics and… [...]
The near-term market outlook is not strong with the impending week-long ChinaPlas exhibition, followed by five days of Labour Day break. Supply pressure might increase in May, and yet, sellers… [...]
Manufacturers reported a steep reduction of up to 25% in export orders despite an encouraging number of foreign buyers attending the Canton fair. [...]
Arbitrage traders vigilantly monitored the price gaps between the Dalian Commodity Exchange and spot market and would only consider replenishment if the difference was between CNY100 – 150/ton [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 26 April 2024 settled as follows: [...]
Meanwhile, buying sentiment remained bleak as the weekend approached as many market players were either on the sidelines or sourced hand-to-mouth materials only before Labour Day [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 26 April 2024 settled as follows: [...]
The bulk of auctioned bids came from need-based purchases, mirroring the trend seen yesterday as many customers remained hesitant to accumulate excess stock ahead of the upcoming Labour Day holiday… [...]
This collective stance served to mitigate any significant downward pressure on sales. [...]
Buying sentiment was sluggish, with only a few buyers making need-based purchases, while the majority hesitated due to the firmer price levels. [...]
The Dalian Commodity Exchange (DCE) witnessed a significant upturn in sentiment as LLDPE and PP futures hit a level not seen since January 2023 and 17 September 2023 respectively [...]
The market exhibited an apathetic buying appetite in the morning, with local distributors striving to offload more cargoes through negotiation ahead of the upcoming Labour Day. [...]
The following table details the maintenance shutdown schedules at Southeast Asian naphtha crackers in 2024. Stay tuned for more updates. [...]
The following table details the maintenance shutdown schedules at South Korean naphtha crackers in 2024. Stay tuned for more updates. [...]
Overseas suppliers are leveraging a totally different set of factors to keep their offers firm, from the lack of competition from Chinese parcels to the rising shipping costs. [...]
The Indonesian PP market, in principle, remains largely stable this week amid the tightening supply condition within the region while suppliers assess the potential impact of the rising crude oil… [...]
The Indonesian PE market continued to track a stable to softer trend this week following the April shipment price announcement with discounts from various overseas sellers in late March... [...]
Compared to the homo-PP yarn and injection segment, the CPP and PP thinwall grades are traded with premium, supported by the tightening supply outlook ahead of a series of maintenance… [...]
It is interesting that the local HDPE film market in Indonesia is way softer than LLDPE film, contrasting the development in the international market. Demand discrepancy is one of the… [...]