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China tire inventory under pressure in off-peak season

Shandong (JLC), November 16, 2023—China tire enterprises faced inventory pressure in off-peak season. The delivery in the semi-steel tire market outperformed that in the all-steel tire market.

11-16-2023 15:44:34

2-EH price tendency forecast under continuous propylene reduction

Recently, China’s propylene price kept declining, and it had declined by over CNY 1,000/mt over one week. Thus, the propylene market was infused with pessimistic sentiment.

11-28-2018 13:45:57

Natural rubber forecast under higher FOMC interest rates

Although China will take the National Day holiday, Japan and Singapore markets are not closed. Market insiders should be concerned about the possible impact of overseas market trends on the post-holiday market.

09-27-2018 14:12:42

Vietnam private rubber plants seek ways out under cost pressure

Vietnam is the world’s third largest natural rubber producer. Except for state-owned plants, Vietnam has different scales of private rubber producers. Vietnam’s natural rubber is mainly exported to China, including SVR 3L, SVR 10 and NR latex.

05-27-2017 17:14:38

SBS extended oil rubber may undergo a down-then-up trend during February and March 2017

Introduction: In February 2017, the cost of SBS oil-extended rubber kept high and manufacturers were nearly in loss. The market was in bearish trend suppressed by the limited demand.

02-21-2017 15:54:28

PE market to be bullish underpinned by the national policies in 2017

On February 3rd, the first working day, People's Bank of China raised the OMO and SLF interest rate. And monetary policy will continue to be tight in the short term as the requirement of financial de-leveraging and current macroeconomic fundamentals in China.

02-09-2017 14:39:59

LLDPE may be bullish in January underpinned by demand

In early December, PE spot price moved up greatly under increasing LLDPE futures and low petrochemical inventory; and China LLDPE increased to the highest point within 2016 at CNY10,250-10,750/mt by December 13th.

12-29-2016 15:09:50

The decline in PE market will be limited underpinned by the low inventory

According to JLC, the total China PE output by now is 16.17 million/yr, up by 8.09% from 2015. From January to November, the accumulative output was 12.919 million, up by 1.745 million from the same period of 2015, or 15.62%;

12-26-2016 09:42:34

Tight balance between PE supply & demand will underpin the high-level market in December

At the end of November, units of Zhontianhechuang started the operation, filling Sinopec’s blank of capacity in Northwest; the output in December is estimated to be 27,000 mt and will be sold by Sinopec’s marketing company in North China at the first.

12-21-2016 15:02:40

China's low SOE plastic inventory will underpin the PE market in 2017

The petrochemical plastic inventory increased to high level since the Spring Festival in 2016, and was in downward trend after then; by the end of May particularly, the overall inventory declined below 700,000 mt.

12-20-2016 17:55:08

Strengthening USD may underpin the price of polyolefin in China

Introduction： Early in the morning of December 15th, FED declared to raise 25 base points of the interest rate, claiming that the anticipation on inflation increased obviously and labor market had been improved;

12-20-2016 15:35:30

Market share competition will be fiercer under the continuously increasing PE units’ production

In recent years, the capacity of petrochemical units in China kept continuous increase and the production expansion of CTO units was relatively concentrated in the past two years.

11-29-2016 17:26:27

PE import shows declining tendency under rising USD exchange rate

According to the journalist of Xinhua News Agency, New York, USD exchange rate was increasing against most of the major currency on November 23rd.

11-28-2016 15:04:36

PE market is in poor sales for high price although underpinned by the declined resource

The overall supply of Sinopec in November decreased slightly by 4,615 mt from that in October, among which regional supply of North China and East China accounted for 32% and 23%, and increased by 1,070 mt and 8,241 mt respectively;

11-21-2016 15:58:33

Steady economic growth underpins the bullish PE market

The overall national economy in 2016 was in steady progress. China’s GDP in the third quarter grew by 6.7% on-year, keeping steady from last two quarters.

10-24-2016 16:13:20

Situation of downstream PE product industry under market economy

Currently, petrochemical market tends to decline the inventory to the low level at early 2016.

09-28-2016 10:49:10

LLDPE price spread will shrink amid the sluggish trend under pressure

PE market mostly declined slowly since September and can hardly get out of the decline amid the downward futures and great supply pressure, although the demand picked up in mid-late September.

09-21-2016 16:33:54

Methanol unit of Inner Mongolia Oriental under maintenance

03-21-2016 15:17:06

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