On Sep 2 evening, news of Reliance’s PX plant maintenance ripped through the market. As a result, China PTA futures surged on evening trading session, with 2301 contract advancing 3.67%. Though it is hard to say how much PTA futures were driven up by the news, the impact is strong. Reliance schedule Read More

From Jan to Jul this year, the monthly export volume of VFY is generally above 7kt, except that of Feb. The cumulative export volume has reached 61kt, an increase of 25% over the same period last year, and it has exceeded the historical annual export of 2020 and that before the COVID-19 outbreak. Th Read More

At present, the crude oil market is driven by both macro and fundamentals, although there is no substantial weakening at present, it is obvious that the tendency is relatively weak. Recently, it is heard that Iran nuclear talks may restart and supply may increase and OPEC+ production reduction decla Read More

From the perspective of demand, the current downstream orders are mainly packaging films and some agricultural films, but the overall demand is still not good. The traditional peak season in Sep and Oct is coming soon, and the replenishment before the Mid-Autumn Festival and National Day holidays al Read More

In Aug, PE market adjusted slightly as a whole. Affected by the correction of crude oil prices at the cost side, PE price fell slightly in the middle of the month. Then, at the end of the month, oil prices stopped falling and rebounded, and the PE market rebounded slightly. However, due to the overa Read More

Styrene inventory level went down this week. Styrene monomer tank inventory in East China main ports decreased by 20.9kt week on week to 63.3kt on Aug 31. Cargo arrival was around 27kt and the offtake was around 47.9kt. Commercial inventory, known as the inventory held by traders, was 41.3kt. Since Read More