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![[daily] Daily Market Wrap – China – 02 January 2024](https://plixstar.com/wp-content/uploads/2022/10/logo-small-commoplast.jpg)
The domestic Chinese homo-PP market began the year mired in uncertainty, with a murky supply outlook dominating sentiment. Suppliers raised offers by CNY50/ton, leveraging currently low selling pressure, but buyers… [...]
However, buyer caution persisted, driven by fears of post-Lunar New Year inventory accumulation and rapid production increases at new startups. These concerns weighed on purchasing decisions, with participants adopting a… [...]
Simultaneously, Shandong Yulong has initiated operations at its two HDPE/LLDPE swing units, which collectively offer an annual output of 1 million tons, with LLDPE production prioritized at this stage. Despite… [...]
A market source highlighted expectations for further inventory reductions, suggesting levels may dip to 550,000 tons by the week's end. The source also pointed to stable order flows among downstream… [...]
Market dynamics reveal underlying vulnerabilities. While demand for LDPE film remains sluggish, supply concerns—particularly regarding Iranian imports—have tempered the pace of price declines. Iran, the dominant LDPE supplier to China,… [...]
The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 06 January 2025settled as follows: [...]
The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 02 January 2025settled as follows: [...]
Market participants remain watchful of pre-Lunar New Year replenishment activities, which traditionally signal a seasonal demand uptick. However, expectations of new supply entering the market are likely to suppress any… [...]
Crude oil inventories now stand at 415.6 million barrels, approximately 5% below the five-year average for this time of year. Meanwhile, refinery utilization edged higher, with operating rates reaching 92.7%,… [...]
International benchmarks for crude oil rallied on the first trading day of 2025, buoyed by optimism over China’s economic outlook and reports on US stockpiles dropped for a sixth straight… [...]
Historical data underscores the gravity of the situation. Barring the anomaly of 2020, domestic PVC consumption has remained largely stagnant in recent years. This stagnation, coupled with a sharp increase… [...]
The Chinese PVC market began 2025 on a downward trajectory, with both domestic and export prices reaching new lows. This decline reflects tepid demand and growing uncertainty over near-term market… [...]
The Chinese PET bottle market entered 2025 with unexpected firmness, as suppliers raised both domestic and export offers despite widespread bearish expectations for January. This surprising move was driven by… [...]
The Indonesian PVC market has been under pressure for months, grappling with subdued demand, currency volatility, and regulatory uncertainties. The situation was further complicated by the government’s recent reversal of… [...]
The unusual inventory buildup during a trading day signalled the slackened demand conditions, raising questions over the producers’ ability to maintain stockpiles within the manageable range heading to the holiday. [...]
In the domestic market, a leading producer is anticipated to reduce offers by $15-20/ton, a move that could substantially impact market dynamics. Many traders, banking on higher prices once the… [...]
A major Malaysian producer decided to roll over import homo-PP offers from the previous week, which faced tepid purchasing responses, forcing the supplier to introduce new cuts for volume purchases… [...]
Trading sentiment in the import PE market gained momentum this week, breaking out of several weeks of sluggishness. This uptick was driven by the release of January shipment offers from… [...]
The import market reflects this anticipation, with a major Taiwanese producer expected to announce January shipment offers in the coming week. Buyers expect stable-to-slightly-firmer pricing, incorporating potential ADD adjustments. The… [...]
As reported earlier, most woven bag converters now carry between 30 to 60 days’ worth of inventory, allowing them time to assess the market direction in January while engaging in… [...]