19 Aug 2024
Over the past week, the Rupiah appreciated by about 5% against the US dollar, driven by expectations of the Federal Reserve lowering key interest rates in September. A stronger local currency typically leads to a drop in commodity prices traded in that currency.
19 Aug 2024
19 Aug 2024
After a week of sluggish trading, the Shenhua Auction Platform commenced the new week with robust activity, buoyed by a rebound in futures contracts on the Dalian Commodity Exchange. Despite the improved trading sentiment, the coal-based producer strategically reduced auction prices
17 Aug 2024
17 Aug 2024 LD Film LD Inj LD Lamination
Despite limited availability due to reduced operating rates, weak demand and fierce competition from other sources triggered these drastic price cuts. Numerous LDPE film cargoes from other origins have been trading below the $1200/ton mark for several weeks.
17 Aug 2024 PET Bottle
The Chinese PET bottle market sustained its downward trajectory, driven by subdued demand and a weak upstream market. While negotiations are ongoing, actual transactions remain sparse due to strong expectations of further price reductions in the coming week.
17 Aug 2024 SPVC k67-68 SPVC (A) k67-68
It is reported that the demand from the PVC flooring, cables, films, and profiles sectors showed a slight improvement compared to last month, while the pipe segment continued to struggle. The persistent home price slump in July exacerbated pressures on the sector that is heavily reliant on the property market.
