14 May 2021
Transactions fell substantially on the final trading day of the week in spite of the lower deal prices compared to the previous day.
13 May 2021
Market sources are cautiously watching out for the availability of Chinese materials while speculating that the current lacking competitiveness of this origin against other parcels might soon be reverted.
The rapid price fall in the local ground is expected to force international suppliers to substantially cut June shipment offers to India in the coming week.
Buyers cautiously proceeding with additional purchases but tend to negotiate fiercely for discounts considering the fluctuating Dalian Commodity Exchange.
The number of transactions remains satisfactory for PP cargoes though prices remain largely unchanged from the previous session.
12 May 2021 PVC (A) k67-68 SPVC k67-68
In the meantime, buyers are purchasing cautiously, hoping for some price reductions ahead, especially with the absence of Indian customers due to the COVID-19 outbreak.
12 May 2021 PPH Inj PPH Raf
The rebounded local market has somewhat stimulated demand for import materials, encouraging international suppliers to hold a firmer stance on the prices to reflect the positive development.
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