10 Apr 2024
Over the past few days, there has always been room for negotiation even though the market has ample support for firming up, except for the demand.
Nevertheless, Shenhua is not in a rush to make any major price adjustment and it is expected that the coal-based producer might continue to cut auction allocation considering the upcoming shutdown
09 Apr 2024
Speaking to CommoPlast, several Chinese suppliers expressed more optimistic expectations citing the peak demand season and the rising energy complex as the primary support.
Trading activities in the domestic spot market remained mediocre and efforts by local suppliers to lift spot LLDPE film by CNY50/ton failed to impress the market.
The market had initially anticipated a more robust price outlook upon returning from the holiday, given the uptrend of crude prices during that time.
08 Apr 2024
In spite of the continued rising local LDPE film prices, Chinese customers are not confident enough to scour the import market for cargo.
The company is reportedly considering a potential price adjustment as current market response is rather bleak as market players have just got back from the Tomb Sweeping holiday.
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