28 Sep 2023
Chinese bidders returned to the market to make replenishments motivated by the 3% surge in crude oil prices. Shenhua lifted the auction prices slightly by CNY50/ton on homo-PP and CNY10/ton on LLDPE.
27 Sep 2023
On the other hand, players started discussing the post-holiday market outlook actively with divided viewpoints observed.
Apparently, Chinese buyers are still interested in making additional purchases when the prices are acceptable.
26 Sep 2023
The 2401 for January 2024 delivery contract on Dalian Commodity Exchange on 26 September 2023 settled as follows:
In China, trading sentiment on the domestic ground has been dwindling over the past several days stemming from the falling futures market and the impending Mid-Autumn and National Day holidays.
Investors adopt a more cautious stance approaching the long holiday with the property market facing a fresh wave of challenges.
Besides, the producer might be attempting to deplete more stocks before the holidays, especially with the still high inventories the company carries at this time of month.
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