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![[daily] Daily Market Wrap – China – 17 April 2024](https://plixstar.com/wp-content/uploads/2022/10/logo-small-commoplast.jpg)
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 [...]
A survey conducted among PP and PE converters in the packaging sector found that many large-scale manufacturers have stable end-product orders, [...]
Chinese PE suppliers continued leveraging the tightening supply outlook as heavy maintenance shutdown season in May coupled with restraint import arrival in focus. [...]
Meanwhile, the export market is soft. Regardless of the rising local offers and the futures contracts, more Chinese producers are willing to soften their stance on export PP prices. [...]
The 2409 for September 2024 delivery contract on Dalian Commodity Exchange on 18 April 2024 settled as follows: [...]
The petrochemical company’s main business is using coke gas as raw material to produce methanol, which will be fed to the downstream MTO, PP and PE plants. [...]
The auctioned LLDPE achieved a 100% rate thanks to the limited volume, while homo-PP saw a slight decrease compared to the previous day, attributed to a CNY10/ton higher dealt price. [...]
After several consecutive weeks of trimming refinery utilisation rates, the total gasoline stocks finally dropped by 1.2 million barrels, which was worrisome to investors [...]
On Wednesday, 17 April 2024, oil prices experienced a 3% decline, marking the third consecutive session of decline on another surprise build-up in the US commercial crude inventories and concerning… [...]
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. [...]
The following table details the maintenance shutdown schedules at Taiwanese naphtha crackers in 2024. Stay tuned for more updates. [...]
The following table details the maintenance shutdown schedules at Japanese naphtha crackers in 2024. Stay tuned for more updates. [...]
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… [...]
The import homo-PP market in Indonesia climbed marginally higher this week, supported by a tighter supply outlook and active restocking activities in China. However, transactions are thin ... [...]
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