08 Mar 2024
Transactions have fallen compared to the previous auction session considering there were only CNY10/ton discounts available on deals for both homo-PP and LLDPE cargoes.
07 Mar 2024
However, at the time of this report, many PVC pipe manufacturers still struggle with the lack of finished goods order amid the lingering property market turmoil.
The Chinese PET bottle market surprisingly picks up toward the weekend with suppliers reporting satisfactory sales results after lifting spot offers by CNY50/ton
The firm stance on spot PP and PE cargoes amid a bearish futures market did not help to quicken the pace of inventory depletion for local producers.
After noting consistent pricing, customers were observed restocking coal-based cargoes as the auction prices are still more competitive than regular parcels in the domestic spot market.
06 Mar 2024
The Chinese LDPE film market has been steadily climbing higher since early 2024 stemming from the expectations that deep-sea cargoes from the US and Iran would be limited
Buyers who have been delaying purchases are refilling need-based cargoes, while others continue to monitor to see if better offers become available.
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