30 Apr 2024
During this period, there was a noticeable trend of small-scale purchases as buyers sought to make essential replenishments. However, sellers continued to face limited supply pressure.
29 Apr 2024
Zhongjing Petrochemical has opted to sustain its stable export pricing strategy, mirroring the rates observed over the past five weeks.
A key Indonesian producer reportedly lifted spot PP and PE offers to domestic buyers over the weekend on the back of a tightening supply outlook ahead of a major maintenance schedule in May and the weak Rupiah.
Local producers accelerated sales to distributors in preparation for extra inventory accumulation during the Labour Day holiday. The remaining two days are expected to witness significant inventory digestion.
Shenhua achieved satisfactory auction results on the first trading day of the week, except for homo-PP grade, which witnessed a marginal drop from the previous session in terms of quantity.
26 Apr 2024
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 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 next Wednesday.
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